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How to make changes to your Voya 401(k) portfolio

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CheckmarkReviewed by Sam Swenson

CheckmarkReviewed by

Sam Swenson

CFA, CPA, CFP

Sam Swenson is a financial planner, New York State CPA, CFA charterholder, and freelance writer/editor. After nearly a decade in various Wall Street roles, Sam found a niche in creating objective, accessible, and actionable financial plans for everyday people. Sam has also published long- and short-form personal finance and investment planning content on various websites across the internet. Outside of work, Sam enjoys running, biking, reading, and philosophy, as well as spending time with his wife, daughter, and goldendoodle.

, CFA, CPA, CFP

Updated on April 1, 2022

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Make sure your Voya 401(k) is working for you

Making changes to your Voya 401(k) portfolio can help you make sure that your investments are in line with your unique financial situation and goals. As a general principle, financial planning experts suggest investors should be:

  • more aggressive when you have a long time horizon until retirement, because you’ll be able to ride out market fluctuations to increase your potential for higher returns
  • increasingly conservative as you approach retirement, to protect your returns

Before making changes, make sure you’ve considered all of the investment options in your 401(k) plan (your employer usually chooses around 20 options).

We want to make it easy for you to make changes to your Voya 401(k) portfolio – check out the guide below to get step-by-step instructions.

Step-by-step guide to make changes to your Voya 401(k) portfolio

  1. Log in to Voya.
  2. Click on “Investments & Research”.
  3. You’ll need to change the current investments in your portfolio, as well as change your investment elections for any future contributions to this account. We’ll also cover re-balancing.
  4. Start by changing your future contribution mix by clicking “Edit My Investments” and then “Future Investment Elections”.
  5. On the “Future Investment Elections” page, input the desired % allocation to each of the funds. 
  6. To change your current portfolio, scroll to the bottom of the page and select the “Check the box if you would like to have the fund elections you have selected above to be reflected to your current balances” checkbox. Then click on “Next” and continue to save these selections.
  7. Next, you’ll need to set up automatic portfolio re-balancing. On the “Investments & Research” page, click “Edit My Investments” and then “Automatic Portfolio Rebalance”.
  8. Scroll to the bottom of the page, and in the dropdown, choose “Last Business Day of Quarter”. Click on “Next” and continue to save these selections.

Screenshots

Click on “Investments & Research”.
Start by changing your future contribution mix by clicking “Edit My Investments” and then “Future Investment Elections”.
On the “Future Investment Elections” page, input the desired % allocation to each of the funds. Make sure that this matches Capitalize’s recommendations!
To change your current portfolio, scroll to the bottom of the page and select the “Check the box if you would like to have the fund elections you have selected above to be reflected to your current balances” checkbox. Then click on “Next” and continue to save these selections.
Next, you’ll need to set up automatic portfolio re balancing. On the “Investments & Research” page, click “Edit My Investments” and then “Automatic Portfolio Rebalance”.
Scroll to the bottom of the page, and in the dropdown, choose “Last Business Day of Quarter”. Click on “Next” and continue to save these selections.
 
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