Is This Popular Retirement Investment the Right Choice for You?
It's important to consistently sock money away in a retirement savings plan. The benefits you receive from Social Security may not be nearly generous enough to cover your senior living costs in full. And so you'll need a nest egg to tap to help ensure that you don't end up struggling financially.
The money in your retirement plan shouldn't just sit in cash, though. Inflation will erode the value of your savings over time if your money isn't generating solid returns. That's why you need to invest the money you're socking away for retirement -- even if that means taking on some risk and having to make tough choices.
One specific retirement investment, however, takes a lot of the guesswork out of choosing where to put your money. And it's an option you'll commonly have access to in a 401(k) plan. But while it may be a popular option, it's not necessarily the best choice for you.
Source Fool.com
