11 Worrying 401(K) Mistakes That Will Derail Your Retirement Plans

Avoiding Investing in Stocks

On the flip side, ignoring the opportunity to invest in company stock could be seen as a harmful move. What’s more, ignoring equities altogether in your 401(k) plan could harm your retirement savings.

Many people are scared of investing due to the possibility of losing money. What about super safe investments like certificates of deposit, then? You might not lose money, but that doesn’t make them any better for your portfolio as they often cannot keep up with inflation. What this means is that you’ll lose purchasing power instead.

Investing in your 401(k) plan can seem daunting and confusing. That’s why we recommend talking to a financial advisor. By sharing your goals with them, they can help ensure you’re not straying from the right path.

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