These 6 Common Mistakes Are 401(k) Killers

A 401(k) account can be one of the most powerful ways to save lots of money for retirement. The tax-advantaged savings account comes with high contribution limits, and you can likely get a bit of extra money from your employer just by contributing to it.

But 401(k) plans can also be fraught with opportunities to make a mistake, killing the potential returns on your savings. Here are six errors to be aware of.

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Source Fool.com