Tag: 401k
Unlike the United States, the United Kingdom has implemented bold reforms to its retirement system over the past decade. Two of the biggest changes were gradual increases in the minimum age for collecting a pension under the national social security program and requiring private employers to automatically enroll their workers in an employee savings plan…
Morningstar shows those with self-directed investments were more likely to change than those in TDFs or managed accounts. The rumor has been that 401(k) participants took little action when the stock market declined by more than 30 percent in February and March 2020. A Morningstar study provides some numbers to back up the lore. T…
