401k Planning: Tips to Keep Your Retirement Plan on Track

As the baby boomers approach retirement age, the generation that came to widely rely on the 401(k) is finding itself unprepared for their financial future. According to a new study, the median household headed by someone 60 to 62 has less than a quarter of what they need for retirement. That's a terrifying number. Mellody Hobson, president of Ariel Investments and "Good Morning America" personal finance contributor, appeared on the show this morning to answer the following questions and provide...Full Story