My Retirement Repentance 


My name is Jenna, and I threw away SIX GRAND.  

Here’s how: I rolled over $4,700 from my old 401k to an IRA—and left it sitting in a money market account.  And it’s been sitting there for three years.

Look, IRA rollovers are complicated and time-consuming, and then there was the fear factor (How do I know I’m doing the right thing?, etc.). But excuses aside, what really hurts is realizing the price I’ve paid.

If I’d simply invested in, say, Fidelity’s 2045 target date fund (FFFGX) three years ago, now I’d have about $5,500. And if I’d contributed just $100 per month to that fund, today I’d have around $11,000. But I didn’t.

The good news: I’m pushing aside guilt and inertia and taking control now!

I still need to weigh my investment options (although that target date fund looks appealing), but meanwhile I’m not wasting another second: I’m resuming my $100 monthly contributions. 

Stay tuned for my final investment pick…and let me know what’s up with your retirement plan.

Out of the Box
Despite the fact that we live longer, women’s average retirement savings target is $200,000—HALF that of men’s. Check out this Forbes report for more scary stats on our retirement.


Grab the reins. What could you do TODAY to make your future more secure?

Join the Discussion