Financial adviser Dan Danford, CFP®, CRSP®, MBA, spent 15 years advising employers how to invest their 401(k) and retirement plans.
So Danford is uniquely qualified to answer this question from a Money Made Easy viewer about what to do when dissatisfied with your 401(k) funds:
I want to shift my money to different funds within the plan. When making this decision, which do you think I should focus on more: the funds' expenses or the returns the funds have earned?
Danford explains why you should focus on expenses first, but there is an important caveat when it comes to ensuring you are comparing apples to apples with different 401(k) funds.