These plans offer investors many benefits in saving for retirement, but they also have their drawbacks.
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.
The 401(k) is really a thrift plan that we've tried to redesign into a retirement plan, and it needs to change, says the Vanguard founder.
Inefficient contributions and withdrawals and poorly timed asset purchases are among the many common tax-related blunders, but Morningstar's Christine Benz offers solutions to avoid such pitfalls.
Readers' strategies center around sticking to a budget, investing simply and prudently, and enjoying life.
The key difference comes when you take distributions.
On the to-do list: Sequencing withdrawals, qualifying for health-care subsidies, and being strategic about Social Security.
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