I totally agree that these are five common (and big) mistakes people make with their 401k. Read this and take it to heart.
401(k) plans are the most popular retirement investment products available today. But, with so many investors using them, these plans see some of the worst investor mistakes. Here are three common mistakes you can avoid:
Micromanaging the company retirement plan. It all started with the dot-com years when you could buy something today, sell it tomorrow, and make three to five percent or more. However, with a 401(k), it’s usually better to just leave it alone. Set it and forget it.
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