Tag: IRA
It’s smart to invest retirement savings in mutual funds that charge very low fees for one simple reason: the worker keeps more of his money and hands over less to Wall Street. But in a study of people in their 50s and 60s who have retired or otherwise left federal employment, the people with t…
Decline reflects surprising drop in 401(k) balances for typical household. In preparation for a recent presentation, I asked for data to document the increasing dependence on 401(k)s as opposed to traditional defined benefit plans. One of the figures included total retirement wealth for households in the middle of the wealth distribution for five different…
