What Is the goal of 401(k) target date funds?
At the end of 2022, there were over 60 million active 401(k) participants. Investing over $6.6 trillion dollars. And 59 percent of them owned a target date mutual fund. These number come from the Investment Company Institute’s 2023 fact book. If you did not choose...
Do your kids need 401(k) investment advice?
I am the father of two Gen Z’s. Many of their college roommates, teammates, and friends are now in my 401(k) advice client base. I receive e-mail, phone call, and text messages from my kids. And their friends. All new to the working world. Trying to navigate their...
The two great 401(k) risks now. Pick one.
No sold stock market bottom predictions from me. The financial services media is full of investment advisors who offer that content. My 401(k) advice clients do not pay me for forecasts. They pay me for ongoing results. In both up and down stock markets. Right now,...
Do you need a financial advisor for your 401(k)?
Millions of American investors. Have the largest part of their stock and bond market investments in their 401(k). The bad news is the most individual 401(k) investors have no idea “what to buy” on their default retirement plan menu. One mutual fund looks the same as...
