Many 401(k) investors don’t use target-date funds the right way

401k saving

KEY POINTS Target-date funds are meant as a one-stop shop for 401(k) plan investors. A third of investors don’t use them this way, however, according to Vanguard data. This may inadvertently skew one’s asset allocation over time. The trend has improved over the past decade, however. And some investors may not be misguided in their…

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Should I roll my Roth 401(k) into a Roth IRA?


Q.: I’m thinking of retiring and rolling my Roth 401(k) to a Roth IRA. A co-worker says if I roll it to a Roth IRA, I can’t touch it for five years without penalty. I thought penalties ended at 59½. I’m 68. Can you clear this up for me? Sam in Dallas A.:  Sam, I’ll try. …

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5 Important Steps to Managing Your 401(k)

401k plan

Saving independently for retirement is a great way to help ensure that you have enough money to cover your living expenses as a senior. While Social Security may provide you with a nice chunk of cash, it generally isn’t enough to live on in the absence of other income. If you have a 401(k) plan,…

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Most workers wait years for a company’s 401(k) matches to vest

401k savings

Many workers who stash money in a 401(k) retirement plan get some sort of matching contribution from their employer — it just may be a while before that money is entirely theirs. While the majority (82%) of employers that offer traditional 401(k) plans say they match a portion of their workers’ account contributions, just 28%…

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How to find your lost 401(k) and other retirement accounts

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Have retirement money set aside but don’t know where? Try these strategies Between job changes, growing families, maybe even cross-country moves, losing access or forgetting about a retirement account is completely plausible. Retirement Tip of the Week: If you think you have money floating around in a 401(k) or pension somewhere, try and find it…

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Here’s how to handle the complicated rules for an inherited 401(k) or IRA

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KEY POINTS If the original account owner died on Jan. 1, 2020, or later, only certain beneficiaries can stretch withdrawals across their lifetime. Others need to deplete inherited retirement accounts within 10 years of the death. Here are the details. So you inherited a retirement account. Before you make any decisions on when and how…

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Wednesday Q&A Will the Windfall Elimination Provision crush my pension?

Will the Windfall Elimination Provision crush my pension? A teacher in New Orleans asks Gregory if her pension can get crushed by the Social Security Windfall Elimination Provision. Find out how pensions are affected by the provision in this Winning at Life clip. Do you have questions for Gregory? Press the ASK GREGORY below and…

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5 Drawbacks of Using Only a 401(k) for Retirement


A 401(k) retirement plan is an excellent tool to help employees save for retirement. Many employers offer a company match, which is basically extra compensation. Not only that, but you also usually get a tax break for your contributions in the year you make them. But if you’re only saving for retirement in a 401(k),…

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