This All Too Common 401(k) Mistake Could Cost You $300,000 Over Your Career
For many of today's workers, a 401(k) is the difference between enjoying a comfortable retirement and struggling to get by. It's where they save for decades and hopefully snag some matching contributions from their employer so they don't have to do it all alone. But these accounts can also be complex.Those who don't understand how 401(k)s work can make some costly mistakes. One in particular could cost you up to $300,000 throughout your career. But it's easily preventable if you know what to look for.Image source: Getty Images.Continue reading
For many of today's workers, a 401(k) is the difference between enjoying a comfortable retirement and struggling to get by. It's where they save for decades and hopefully snag some matching contributions from their employer so they don't have to do it all alone. But these accounts can also be complex.
Those who don't understand how 401(k)s work can make some costly mistakes. One in particular could cost you up to $300,000 throughout your career. But it's easily preventable if you know what to look for.
Image source: Getty Images.
