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Okay. Your 401(k) hasn't lived up to the hype, but remember that even Warren Buffett lost $25 billion in the Great Recession. You've just survived one of the most harrowing periods in the history of modern finance. If you lost less than a third of your portfolio, you fared reasonably well. Your 401(k) may not be all it was cracked up to be, but with tax-deferred growth and a company match, it's still one of the best tools you have to get your retirement back on track. Handled with care (diverse, conservative investments...
...money in the future. Improve your credit score by reducing your card balances to 10% of available credit. This will shave future borrowing costs. If you're under 50, you have a lot of time to recover, so contribute enough money to get the full match in your 401(k). If you're 50 to 65, take advantage of the catch-up provision that lets you stash an extra $5,500 in your 401(k) every year. If you are retired, give your nest egg time to replenish by forgoing for five years any distribution increases you had planned...
Read TIME's cover story "Why It's Time to Retire the 401(k...
...think in the case of the Harvard buildings, it was just an enduring sense of spatial wonder that led some patron to put a little extra charm in the houses,” said Harvard Graduate School of Design Professor K. Michael Hays...
...Staff writer James K. McAuley can be reached at mcauley@fas.harvard.edu...