These 4 Tragically Obvious Mistakes Will Kill Your 401(k)

Growing your employer-based retirement account -- most commonly a 401(k) -- is quite a bit easier than it might appear. Success with retirement investing comes down to getting a few key things right, so it's best to ensure you're on the right track from the get-go.

We'll review four key mistakes that you'd be wise to correct when it comes to investing in your 401(k).

Most companies offer a matching contribution to 401(k)s up to a specified percentage of compensation (usually in the 2% to 6% range). For example, if you contribute 5% of your paycheck to your company's 401(k), the company will match your contribution.

Source Fool.com