Thu, 29 Nov 2012
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As 401 ( k )s become more of the centerpiece of the U.S. retirement system, the current average expenses for the plans are too high, says Morningstar's John Rekenthaler.
These plans offer investors many benefits in saving for retirement, but they also have their drawbacks.
There is certainly room for improvement in these plans, but the factors that matter most to 401 ( k ) investors' success are within their control.
Morningstar's David Blanchett examines how aversion to save while younger, fear of loss, performance-chasing, and high ownership in employer stock are problematic areas for retirement accumulators.
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