Her retirement funds were doing well, but my friend Lynn was feeling guilty.

A retired schoolteacher, she had a 401K fund. Every pay cycle, a percentage of her income had gone into this fund. Over the years, she also put money in individual retirement accounts (IRAs). Both funds are tax-exempt, meaning she didn’t pay taxes on this income the year she earned it. Both accounts were also invested in mutual funds, an aggregation of stocks, bonds and commodities that diversify investments, and therefore spread risk.

This was written for the January 2020 issue of GRID Magazine. Read entire column here.