401k-plans - Briefly

The 3 Biggest Mistakes You Can Make With Your 401(k)

Americans are saving more for retirement, but challenges persist with median 401(k) balance low and concerns of outliving money.

U.S. workers' confidence in meeting retirement savings goals has risen, with 43% feeling optimistic as inflation concerns eased.

Many Americans neglect to contribute to their 401(k), risking their retirement finances.

Early withdrawals from a 401(k) can lead to penalties and lack of retirement savings.

Not maximizing employer match leaves free money on the table.

Job-hopping can lead to significantly lower retirement savings, costing individuals over $300,000 by the end of their careers.

Americans are saving more for retirement, but challenges persist with median 401(k) balance low and concerns of outliving money.

U.S. workers' confidence in meeting retirement savings goals has risen, with 43% feeling optimistic as inflation concerns eased.

Many Americans neglect to contribute to their 401(k), risking their retirement finances.

Early withdrawals from a 401(k) can lead to penalties and lack of retirement savings.

Not maximizing employer match leaves free money on the table.

Job-hopping can lead to significantly lower retirement savings, costing individuals over $300,000 by the end of their careers.

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