A single poor decision, such as panic selling during the 2008 recession, can irreversibly ruin peoples' retirement unless they are young and have time to catch back up.
I hear this a lot, but does anyone have actual statistics on how often people try to micromanage their 401k or other retirement accounts? Everyone I've talked to just picks one of the target retirement date funds and leaves it on autopilot.
I hear this a lot, but does anyone have actual statistics on how often people try to micromanage their 401k or other retirement accounts? Everyone I've talked to just picks one of the target retirement date funds and leaves it on autopilot.