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Are you making this retirement mistake?
Many retirement savers are incorrectly using a popular 401(k) investment option – and are losing out on thousands of dollars in potential returns, according to a new study. Target-date funds have become a popular option in company 401(k) plans, in large part because of their simplified approach to investing. Based on your “target” retirement date, the funds invest in a mix of stocks, bonds and cash with an age-appropriate level of risk. Read more…
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