Saving in your 401(k) can be an easy and painless way to build your retirement savings. But because it’s so easy and painless, it can also be easy to ignore for long periods of time, which often leads to mistakes.

Let’s make sure you stay on the right track with your 401(k) so this episode will identify five key mistakes that people make with this retirement account.

On today’s show, we’ll share:

• Leaving money invested in a former employer’s 401k plan instead of rolling it over to an IRA. (8:18)
• Failing to rebalance often enough. (11:51)
• Sticking all of your money in a target date fund and assuming that your account is now “customized” to your needs. (15:59)

 

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