With the April contribution deadline approaching, Individual Retirement Account holders could be missing out on some valuable investment gains and future retirement income if a new trend uncovered by Vanguard continues.
Vanguard, the Valley Forge, Pa.-based investment management company, says that more than two-thirds of its 3.5 million IRA investors forgot to move their money out of money market funds after parking those funds in order to meet the spring contribution cut-off date.