CNBC: These 401(k) Mistakes Could Cost You 6 Figures
Author: Chad Parks / 1 Nov 2019
If you’re saving in a 401(k), you’ve already taken the first step towards a brighter future. But if it feels like you’re not winning at 401(k) investing, you’re not alone.
Fidelity reported to CNBC that, “the average 20-something had $11,800 in a 401(k) in the first quarter of 2019…For people in their 30s, the balance jumped to $42,400.”
People have a hard time visualizing the future because we are not programmed for long-term thinking.
-Chad Parks, Ubiquity Founder and CEO
Read insights from retirement planning experts on common 401(k) missteps to avoid–or it will cost you in the long run. Topics range from your savings mindset to missing out on your employer’s matching contributions.