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Do 401K plans still make sense?

Do 401K plans still make sense?

Millions of Americans, unbeknown to them, are trusting their retirement to the luck of the stock market draw.  I recently talked about this in my post 401Ks: Main Street’s Friend or Foe? I just stumbled across a great article from the Wall Street Journal that adds data to my intuitive thinking. Boston College’s retirement research [...]

Look out Wall Street: Investors Are Getting Fed Up

Lifecycle funds are Wall Street’s latest concoction for the average investor.  These funds invest in a combination of equity, fixed-income and short term funds.  The funds use an automatic asset allocation strategy that becomes increasingly more conservative as one’s retirement date approaches.  Since most set their allocation when joining a 401K plan and occasionally make [...]