A now-38-year-old professional says they still “genuinely cringe” when thinking about a decision they made at 28. After landing their first job with benefits, they were excited to start contributing to their company's 401(k), which offered a 5% employer match. But after mentioning it at a family dinner, their father warned that the market was “overvalued” and a crash was coming. Their mother agreed. Trusting their parents' confidence, they enrolled in the plan but set their contribution to just 1%, planni ...

With market headlines flashing warnings and gold prices soaring, some Americans nearing retirement are feeling the pressure. One 70-year-old investor wondered if now was the time to move part of his 401(k) into cash. Fear Of A Crash, But History Says Otherwise That question came during a recent episode of “The Ramsey Show,” where Robert from Nashville asked hosts George Kamel and Jade Warshaw if shifting to a money market fund made sense in the current climate. “Gold’s high, the dollar’s down,” he said. ...