Financial Planning News
Tue, 7 May 2013
Read the rest of this article on Financial Planning News
These plans offer investors many benefits in saving for retirement, but they also have their drawbacks.
Morningstar's director of personal finance offers tips for tidying up old 401 ( k )s, sweeping out stray investments, and taking stock of company stock.
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.
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.
©2014 Morningstar Advisor. All right reserved.