Study: Retirement savers make costly 401(k) mistakes »

Posted By TechnologyExpert 1 year, 6 months ago in Business & Finance

Despite extensive efforts to educate workers about saving for retirement, many employees are not doing a good job of managing their company-sponsored 401(k) accounts, a new study indicates.

Read Full Story at news.yahoo.com »

118 Views Share Story 3 Comments Report

Submitted By:
TechnologyExpert

I am Editor-in-Chief at Alice Hill's RealTechNews (http://www.realtechnews.com). I also have my own blog (Tech-Ex) at http://TechnologyExpert.Blogspot.com. Finally ...

Who Also Submitted:
Other Related Articles:

Why not submit a story?

RSS Join the Discussion

+ Add Comment
Comments So Far: 3 (view all)
- Display
  • Neutral
    Grrr1 year, 6 months ago

    This comment is below the standard viewing threshold View It »

    Fewer and fewer companies match funds, so this is quickly becoming a moot point. Without matching funds, a Roth is the way to go, pays better with less fees.

    If you have a 401, check out how much they jack you for in fees every year.

    (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
    Reply
    loading loading ...
    • Neutral
      walden31 year, 6 months ago

      This comment is below the standard viewing threshold View It »

      Trading too often is another mistake. Dollar cost averaging is the only way to go. Don't try to chase or catch the next "big" thing.

      (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
      Reply
      loading loading ...
      • Neutral
        TweekerchickQC1 year, 6 months ago

        This comment is below the standard viewing threshold View It »

        Yea. The person who set up my 401k decided that the funds I put money into weren't relevant.

        I randomly looked at it and discovered that 100% of my contributions were going into a small cap equity fund.

        I was not a happy monkey.

        Now I check it weekly.

        (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
        Reply
        loading loading ...
        View All 3 Comments

        Add a Comment

        Sign In With Your Propeller Account

        Forgot your password?

        Please keep your comments relevant to this story.

        To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

        Submit a Story

        Advertisement

        Story Tags ?

        Hey! If you Sign In, you can add tags to this story!

        Real Estate Info

        Get the Latest Market Info for Your Area



        Foreclosures | Short Sale

        Luxury Homes | Homes for Sale

        First Time Home Buyer Advice



        Also Dropping This Article

        No one has dropped this story.

        Groups Watching This

        No groups are watching this story. Why not share it with your groups?

        Also Submitted By

        No one else has submitted this story.