The U.S. Department of Labor will soon issue a rule expected to crack down on advisors and brokers who recommend rolling money from a 401(k) plan to IRA.
If you're saving for retirement with a 401(k) or individual retirement account, it's easy to lose money to taxes and penalties when completing a rollover.
Gen Xers, now in their 40s and 50s, are the first generation to have entered the labor market after employers ditched pension plans in favor of 401(k)s. Theirs may be a cautionary tale for those coming up behind them.