Five 401k investing mistakes that can ruin your retirement. 401k investing is the most convenient and practical way most of us have to save for our retirement. But making these 401k investing mistakes can delay your retirement by years and leave you with hundreds of thousands of dollars less when you get there.
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401k investing is the best way to save for retirement. But making mistakes in your 401k can set your retirement investing back for years. In this video we discuss the top 401k investing mistakes and how to avoid them. I'll show you why contributing up to your employers 401k match may not be enough and why contributing the maximum to your 401k is better. Why not rebalancing your 401k investments and frequent trading in your 401k are equally as dangerous. Why taking a 401k loan is dangerous, or why an early 401k withdraw is a bad idea. I explain why 401k investment fees should be kept to a minimum, and as a bonus, why not rolling over your 401k into an IRA when you change jobs can be a costly mistake. I hope you enjoy the video and please subscribe to the channel if you've read this far :)
DISCLAIMER: Jay Fairbrother, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Jay Fairbrother’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.
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