By Walter Updegrave, RealDealRetirement @RealDealRetire

>>THE SMORGASBORD PORTFOLIO Some 74%—74%!—of plan participants polled in MFS’s 2014 DC Pulse Survey said investing a little bit of money in every option on their 401(k) investment menu was the best way to diversify. Sorry, but that approach no more results in a well-rounded portfolio than eating every dish at a smorgasbord buffet gives you a balanced diet. If you’re unsure about how to invest, go with a target-date portfolio in your plan. If your plan doesn’t have one, check out the Vanguard or T. Rowe Price target-date fund for someone your age and use its allocations to different stock and bond investments as a guide to creating your own mix.

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