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.

Since this retirement account is one of the most popular vehicles for saving, it’s important to make sure we’re doing all we can to get the most out of this money.

In this episode, Nancy will cover at least five of the mistakes people make in their 401(k)s and explain what you can do to avoid this with your own investments.

Here’s some of what you’ll learn in this episode:

• What options does someone have when they aren’t comfortable with risk but want to generate better returns? (3:38)
• What you should be doing with the money in an old 401(k) with a former employer? (9:46)
• People fail to rebalance their 401(k) enough. (12:28)
• Allocating too much money to a target date fund might not be giving you the customized solution you think. (13:35)
• Don’t just assume that fees and costs are minimal because they aren’t clearly outlined. (15:27)
• What you should do if you want to transfer your 401(k) to another custodian. (17:14)

 

Contact The Office 480-632-8770   Schedule A Visit https://bit.ly/3V4xihj   For more, visit us online https://www.flemingfinancialservices.com/