A new study shows that folks in their 60s with a 401(k) have less than a quarter of what they need to maintain their standard of living in retirement. And 25% of Baby Boomers have no retirement savings at all.
To some, retirement is a dirty word. It may be hard to imagine yourself as a senior citizen because it feels so far off. Or the idea of saving for retirement may be just plain overwhelming.
As you consider your goals for the New Year, I hope one of them is to save for retirement. But with so many different ways to go about it, you may be left with one question: What do I do first?
If you know anything about retirement plans, you probably know about the big guys: the 401(k), the traditional IRA, and the Roth IRA. But what about the Roth 401(k)?
Investment lingo can be a bit complicated, but let's break down one type of investment option that's up for debate: target-date funds.
