The 3 biggest 401(k) mistakes that can derail your retirement, according to investment researchers

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Contributing to a workplace retirement account drastically boosts your odds of a successful retirement, as long as you avoid some costly errors.

Bad news first: Across the U.S., Morningstar's model predicts about 45% of households will run short of money in retirement.Luckily, a few key behaviors are likely to get you among the prepared 55%, with one sticking out in particular: investing in a

For one, you're taking advantage of a matching contribution if your employer offers one. Financial planners tend to call these contributions"," but you can also think of them as a return on your investment. If your employer matches your contribution up to, say, 6% of your salary, by contributing that 6%, you theoretically earn a 100% return on that investment.

More importantly, every dollar you take from your long-term portfolio is money that doesn't get to grow at a compounding rate.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 270. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

What short-term market volatility means for your 401(k)Widespread fears of a U.S. recession sent global markets tumbling Monday, with the Dow Jones Industrial Average falling by over 1,000 points in midday trading. Here's what it means for your 401(k).
Fonte: 10News - 🏆 732. / 50 Consulte Mais informação »

What you should do with your 401(k) in a highly volatile marketIf you're investing in a 401(k), daily market dramas are no reason to take dramatic actions with your portfolio.
Fonte: ABC7NY - 🏆 592. / 51 Consulte Mais informação »

What you should do with your 401(k) in a highly volatile marketIf you're investing in a 401(k), daily market dramas are no reason to take dramatic actions with your portfolio.
Fonte: abc7newsbayarea - 🏆 529. / 51 Consulte Mais informação »