Anne Tergesen

speaker

4,485 appearances 83 recordings 1 series first heard Jul 2017 last heard Feb 2025

Anne Tergesen’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Why Checking Your 401(k) Too Often Can Jeopardize Your Savings · 7 Jul 2022 podcast

But they certainly suggest checking once a year because that way you can kind of gauge whether you're on track. matched

You know, questions like, are you saving enough? matched

So are you on track to meet the savings goal that you have for retirement? matched

And, you know, if your investments need to be changed, then this would give you an opportunity to do that. matched

Right. matched

So the idea here is the more you can sort of put on autopilot, the more you can kind of set it and forget it, then that's, in theory at least, it's going to assuage the temptation to check. matched

And it's also probably going to ease some of the anxiety that people have about, how am I doing? matched

How is my balance doing? matched

When people have responsibility themselves for picking their investments and trying to figure out how much to save and trying to keep everything on track, matched

you feel that you need to check in more often because the responsibility is on you. matched

But if you can outsource the management of your 401k to a professional, either through a managed account, which is sort of an advisor or sort of a robo-advisor running your 401k account, or maybe you just go into the target date fund, which is one of these set it and forget it kind of matched

diversified funds that shifts over time from more heavily exposed to stocks to less heavily exposed to stocks. matched

So these are professionally managed funds or services that can take over your 401k for you. matched

So the idea there is that it encourages sort of a hands-off approach, but it might even just sort of assuage some anxiety people have when they have to manage the account themselves. matched

They feel they've turned it over to an expert. matched

They can afford to ignore it. matched

WSJ Your Money Briefing · 401(k) Plans Offering Pension-Like Benefits to Ensure Steady Payments · 21 Jun 2022 podcast

So a managed account company would take over my 401k and would invest the money in a way that's appropriate for me. matched

And increasingly, when I reach retirement, a managed account company would try to help me figure out how to turn that lump sum of savings into a steady or as steady as possible income in retirement. matched

Thanks for having me. matched

Sure. matched

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