3 Mistakes You're (Probably) Making With Your 401(k)
If your employer offers a 401(k) plan, you probably already know that you should be contributing to it. But while having a few dollars transferred from each paycheck to your retirement fund is better than nothing, it's not enough -- and you're missing out on key benefits that could help you save thousands more by the time you retire.
And if you're behind on your savings, you're not the only one. The average amount employees in their 60s have stashed away in their retirement fund is just over $170,000. While that may sound like a lot of money, it will likely only cover a few years -- especially if you have a more expensive lifestyle.
Fortunately, there are a few easy ways to increase your savings. And you can start by recognizing some of the most common mistakes that are holding your 401(k) back.
Source: Fool.com
