Do You Have an Old 401(k) That You Can’t Locate ? Check out the new DOL’s Lost and Found Site
Ever switch jobs and lose track of an old 401(k)? A new Department of Labor tool could help you track down forgotten retirement accounts—and it might be worth more than you think.
Target Funds: One Size Doesn’t Fit All
While target funds inside of your retirement account may seem like a safe and convenient choice, these funds often come with hidden costs and generic strategies that you could effectively do on your own for a lower cost.
How To Create Your Own Pension
With the old pension model, employers were essentially guaranteeing a retirement check to its employees for the remainder of their life. While the modern 401(k) model provides no such guarantee, there are ways you can effectively create your own pension plan.