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Mistakes to Avoid with your 401(k)
 
 

There are a few common mistakes that people tend to make with their 401(k). You'll be better off if you avoid them!

 

Common mistakes and what to keep in mind:

  • Not setting aside enough money: 10-15% is typically recommended by financial professionals.

  • Failing to take advantage of company match: At the very least, contribute enough to get the full match.

  • Making decisions based on the news: Remember that your 401(k) savings are a long term investment and reacting to short term fluctuations can affect your progress.
 

More mistakes to avoid in The Week’s article:

http://theweek.com/articles/659143/9-mistakes-avoid-401k

 
 
 
 
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