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REDDIT

401k. Do you manage your own? Or Choose to utilize your own brokerage.

N
Apr 29, 2025 · 14:38

For those of you that are well off. Do you utilize a 401k or not? If so, do you manage your own, or let companies like Fidelity manage yours?

My company does a cash out pension, and has a 401k they match up to 6% on. I put in 10% which amounts to 1k per check.

I don’t really see a huge return on what I put in. I have 65k in at 32 years old.

I’m wondering if I should Manage my own 401k, or take that 1,000 and put in into a different brokerage and just invest into the S&P 500. Maybe a few other companies.