When you open a 401(k), here's what not to do
Investing wisely in a 401(k) could pave the way for a comfortable retirement.
Vanguard participants had an average 401(k) balance of $112,572,
While the median balance was $27,376 as of 2022.
In any case, you should manage your 401(k) well from the beginning,
No matter what your savings goal is. The best way to avoid
These mistakes is to steer clear of them as a newbie.
1. Investing in the wrong things
Money in your 401(k) plan shouldn't just sit in cash. You might severely
Stunt the growth of your savings if you choose that route.
The importance of actively choosing your 401(k) investments cannot be overstated.
In the absence of this, you might be disappointed with the results.
Swipe up To Read More Stories