Equipping Points:
Your 401(k) likely plays a major role in your retirement savings. That’s why it’s important that it’s set up and functions in the way that’s most beneficial to you. Following our last podcast about beneficiary mistakes, now we focus on common mistakes people make with their 401(k).
From hidden fees and rebalancing to what to do when it’s time to switch jobs, Eric shares where people make the most 401(k) errors in today’s episode. He’ll also share some tips on how to avoid these common mistakes. Whether you’re a seasoned investor or just getting started, this episode will give you some important things to think about!
Here’s some of what we discuss in this episode:
- Moving a 401(k) to another retirement account.
- Allocation and rebalancing with your contributions.
- What to think about target date funds.
- Who the real client is of a company 401(k).
- Hidden fees to look out for.
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
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