Posted on Mar 24, 2021
11 Worrying 401(K) Mistakes That Will Derail Your Retirement Plans - Retired in America
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In my opinion probably the most important is: You’ve just found a new job and set your contributions to your 401(k). Did you know you can and should change them over time? According to the Financial Industry Regulatory Agency, you should save around 15% of your salary. Though it sounds unattainable, especially at first, at the very least you can consider this a goal.
11 Worrying 401(K) Mistakes That Will Derail Your Retirement Plans - Retired in America
Posted from retiredinamerica.com
Retirement
Stock Market
Investing
Posted 3 y ago
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Article also mentions other important notes: diversity of investments (avoiding investing too much into company), increase contributions if you get promotion or raise, etc.
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All good points and advise. I remember I started learning about personal finances/investments at my chiropractor’s office; he always had Money Magazine in his waiting area and I learned a lot from them, even subscribed a few years. You are right about increase contributions; my wife and I increased our mortgage payments when I received promotions with most of the pay raises. We paid off a 30 year note in 17 years. Boy am I glad we did that. :)
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