You did it. You landed the job. Exciting, huh? Along with the new responsibilities, business cards, and paychecks come a ton of files about all of the different benefits available to you. It’s time to start retirement planning. It’s daunting, isn’t it? As a recent graduate and new employee, you have several different retirement plans… [Read More]
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Tag: 401(k) plans
Some notes on target-date funds
Target-date funds have become a popular way to save for retirement because they are such a simple idea that they qualify as a default investment for employer retirement plans such as 401(k)s. They have advantages, but they also have risk. The big risk is that your risk and return profile is not the same as… [Read More]
Felix Salmon, Thomas Friedman, and 401(k) plans
Last week, Thomas Friedman wrote a breathy column for the New York Times about how it’s a 401(k) world. The idea being that just as we have responsibility for our own retirement funds – which is good for some people – we have responsibility for more of our careers – which is also good for… [Read More]