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Category: 401(k) Mistakes

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Categorized as 401(k) Mistakes, Retirement Mistakes, Retirement Savings

Costly 401(k) Mistakes Investors over 50 Are Making

April 10, 2023 For 401(k) investors over 50, retirement is around the corner. And, with the market volatility over the past year, many are wondering how to best protect their savings and ensure they have enough for retirement.  If you’re nearing retirement and want to do what you can now to maximize your 401(k) savings… Continue reading Costly 401(k) Mistakes Investors over 50 Are Making

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Categorized as 401(k) Mistakes, Retirement Savings

Changing Jobs? Know Your Vesting Schedule before Quitting

March 6, 2023 In 401(k) Mistakes, Retirement Savings Vesting schedules prevent 401(k) investors who don’t stay long at a company from taking their employer retirement contributions with them when they change jobs. Which means the money your employer contributes to your 401(k) may be taken back should you decide it’s time for a change.  With… Continue reading Changing Jobs? Know Your Vesting Schedule before Quitting

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Categorized as 401(k) Mistakes, Financial Health, Retirement Savings

401(k) Hardship Withdrawals – What You Need to Know

February 20, 2023 A record number of Americans are taking hardship withdrawals and tapping into their 401(k)s.  According to Fidelity, “Participants taking hardship withdrawals from their accounts rose to 2.4% last year, up from 1.9% in 2021.”¹ This represents the highest share of hardship withdrawals recorded by the financial services firm.  Vanguard also recorded a… Continue reading 401(k) Hardship Withdrawals – What You Need to Know