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The Most Common 401k Mistakes
Manage episode 422228995 series 2643505
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The 401(k) is a great tool. It's easy and painless, which makes it a great way to build our savings. But it's also easy and painless, which also means we tend to forget about it for long periods of time. Today we’re going to talk about a few of the places where people make mistakes with their 401(k).
Here’s some of what we discuss in this episode:
- Why it’s usually better to move money out of an old employer plan.
- Don’t leave money on the table by not taking advantage of a company match.
- Target date funds aren’t usually the best way to customize a portfolio.
- Your portfolio needs to be rebalanced as you closer to retirement.
- Your 401k might have higher costs than you realize.
Get additional financial resources: https://maestrowealth.com/how-money-works-podcast/
Schedule a meeting: https://timetoseemaestrowealth.as.me/ReadytoBegin
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