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The Biggest Mistake You Might Make With Your 401(k)


Signing up for a 401(k) plan is one of the savviest moves you can make in the course of your retirement planning. That's because you'll need a healthy level of savings to keep up with your living costs when you're older and the steady paycheck you're used to collecting from work suddenly goes away.

But if you're not smart about managing your 401(k), you could wind up falling short financially in retirement and winding up miserable as a result. And if there's one 401(k) mistake you really want to avoid, it's taking an early withdrawal from that plan.

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Source Fool.com


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