Common Mistakes Corporate Employees Make With Target Date Retirement Funds
Target-date funds are a popular choice in corporate 401(k) plans. Their adoption surged after the Pension Protection Act of 2006. This law encouraged businesses to automatically enroll employees in these funds. Today, around 80% of 401(k) plans offer target-date funds. These funds now hold the most assets of any investment option…
Young Adult Retirement Planning: When is Too Soon?
When should you start planning for retirement? If your answer is “sometime in my 40s or 50s,” it’s time to rethink. Retirement planning works best when you start early. Ideally, you should begin in your 20s or 30s….
