HSLAX 401k Investing: The Hartford Small Cap Growth Fund

Among people under the age of 35, 34% of their wealth is in a retirement account of some type. Among people older than that, almost 45% of their wealth is in some type of retirement account (or about 38% if you annuitize pensions and treat them as lump sum nest eggs that are included in the calculations.) Given that there is such a meaningful percentage of U.S. wealth invested in IRAs and 401(k)’s, and given that retirement accounts frequently mandate mutual fund investing, I have received multiple requests to start covering some of the common mutual fund offerings in retirement accounts because it inevitably becomes such a meaningful percentage of many readers’ overall wealth.

I intend to do that, and one such offering that is becoming increasingly available in 401(k)’s on the east coast and midwest is the Hartford Small Cap Growth Fund (HSLAX) which has only $900 million in … Read the rest of this article!