Contributing to your 401(k), deferring money from a paycheck to save for retirement, is a simple, convenient and important action we advise all employees to take advantage of at their workplace when offered.
Target Date funds have been growing in popularity for the last decade. Their rise in popularity can be attributed to a number of factors, however their “auto-pilot” or “hands-off” approach is what has led many investors to choose these funds for their retirement portfolios.
There is no magic number as to how much is “enough” to have saved for retirement. Each individual has different goals and different financial circumstances.
It is almost impossible to turn on the TV, radio, or the internet without seeing financial headlines that are intended to influence investors’ portfolio decisions.
Understanding fees for a 401(k) plan can be a daunting task. How can you determine what is reasonable?
Most people would attest to the fact that the first – and oftentimes only – piece of data that they look at when evaluating their investments’ performance is annual return.
It is within this sanctity of mathematics that we see the very real evidence that many everyday workers have graduated from their careers with million-dollar plus retirement portfolios.