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More employers are using re-enrollments to help employees get their retirement investments on track. Re-enrolling is when the company shifts workers' 401(k) dollars out of their current allocations and into the plan's selected default optionâtypically a target-date fund.
If you still have money you want to save after filling up your 401(k), our research shows that you should follow this pattern.
An overview of three IRA options
Understanding how to manage your 401(k), from contributions all the way to rollover, is a vastly important aspect of retirement savings.
Investing for retirement is more complicated than opening an IRA or maxing out your 401(k)
To get a clearer picture of your money, consolidating old workplace accounts to an IRA or your next employer plan makes a lot of sense.