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Ep 124: The Top 5 401(k) Mistakes You Need To Avoid
Manage episode 352305269 series 2709707
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Saving in your 401(k) can be an easy and painless way to build your retirement savings. But because it’s so easy and painless, it can also be easy to ignore for long periods of time, which often leads to mistakes.
In this episode, we’ll cover at least the top five mistakes people make in their 401(k)s so hopefully you avoid doing the same thing when the time comes.
On today’s show, we’ll share:
- Assuming that your fees and costs are minimal, since you never see them on your statement. (2:20)
- Failing to rebalance often enough. (4:30)
- Sticking all of your money in a target date fund and assuming that your account is now “customized” to your needs. (7:35)
Get Additional Information: https://www.truefinancialpartners.com/media/podcast/
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