2/3 of 401(k) rollovers to IRAs unintentionally hold cash, posing long-term growth risks.
A Vanguard analysis reveals that over two-thirds of investors unintentionally hold cash when rolling over 401(k) savings to IRAs, posing risks for long-term growth. Many mistakenly believe their funds are automatically invested, while experts caution against keeping significant cash due to low returns and inflation concerns. The study highlights a lack of awareness among investors regarding their asset allocation, urging more active management of retirement funds.
September 16, 2024
4 Articles