Signing up for these plans can be done on each company’s web site and all you have to do is pick the fund in which you are interested (most advisers prefer low-cost index funds that mimic the S&P 500), and then link it to a checking or savings account so that automatic, regular withdrawals are made at predetermined dates. This takes the guesswork out of managing your portfolio as you are essentially buying “America Inc.”
For more information, read:
If You Can't Beat 'Em, Join 'Em - A Beginner's Strategy to Investing in Low Cost Index Funds
How to Select Winning Mutual Funds: A 10 Part Guide for New Investors
