3 Big 401(k) Mistakes to Avoid in 2021
Though not everyone has access to a 401(k) plan through work, those who do have a prime opportunity to sock away funds for retirement. That's because 401(k)s offer much higher annual contribution limits than IRAs.
But if you mismanage your 401(k), you could end up falling short during your senior years. Here are a few big mistakes you should aim to avoid in the course of the new year.
Many companies that sponsor 401(k)s also match employee contributions to varying degrees. Be sure to find out what your company match looks like so you can claim it in full. If you don't, you'll effectively be passing up free money.
Source Fool.com
