A study from earlier this year found that 401k investors sometimes follow what I call a “naïve” investing strategy. These workers evenly divide their 401k money among their mutual fund choices. Thus if a plan has 5 investment choices, a … Continue reading
“I expected to be in a better place. The golden years have become rusty years.” That was a sobering quote from a retiree in Boston, sharing his real-life experience in a video interview and looking back at some early-life decisions … Continue reading
The annual Dalbar studies of investor behavior show a constant theme regarding our failure as investors: chasing performance without a plan. The costs are significant in terms of lost returns: half of what we could earn in the stock market … Continue reading
When it comes to saving for retirement, inquiring minds always want to know: how much do I need to have saved up by the day I retire to enjoy a financially secure retirement? There are calculators on the internet that … Continue reading
Conscientious people earn more and save more for retirement. Are you a conscientious person?? Video: Conscientious People Earn More and Save More for Retirement | Retirement Research Center | University of Michigan.
Okay, apologies to Hamlet and Shakespeare. Converting a traditional IRA to a Roth IRA seems to be an ongoing topic of conversation. Why all the focus on converting traditional IRA money to Roth IRA money? In its infinite wisdom, Congress … Continue reading
A report by the Employee Benefits Research Institute provides a startling example of how NOT to save for retirement. The study, released in November 2010, examines various aspects of 401(k) account balances. A 401(k) plan typically allow both an employer … Continue reading
Nearly 2/3rds of middle-income Americans age 55 to 75 are unsure if they’ve saved enough to live a comfortable life in retirement. That’s the main finding in a recent study by the Center for a Secure Retirement, a think-tank belonging … Continue reading