Reported 2 months ago
When changing jobs, many people mistakenly leave their old 401(k) funds in cash after rolling them over to an IRA, missing out on potential investment growth. Research shows that a significant portion of individuals do not actively invest this money, leading to substantial losses in retirement savings. It's crucial to have a clear plan for how to allocate these funds, ideally towards low-fee index funds or target-date funds, to maximize returns over time.
Source: YAHOO