COMMON MISTAKES PEOPLE MAKE WITH THEIR 401K PLAN

Send us Fan Mail🟦 Most American workers have the opportunity to save for retirement through a 401(k) plan.  Are they making the most of it? Many people make common mistakes that can impact their ability to save enough money for a secure retirement and cost them thousands of dollars in retirement saving.  🟦 My special guest Eric Dudley will discuss some of the most common mistakes people make with their 401(k) plan and how to avoid them. By understanding these mistakes and taking steps to correct them, you can ensure that your 401 K plan is working as effectively as possible for you.  #401(k)plan #companymatch #investmentperformance #vesting #contributions #ericdudley #merginglifeandmoney #mjcaesar  Here are some HIGHLIGHTS from this episode. 04:49 Why should you enroll in your 401K plan?07:25 Your company match - Do you know how that works?08:45 Are you leaving free money on the table?09:54 What is vesting?12:44 STOP cashing out your pension money before you retire16:28 Increase your contribution regularly19:38 Should you load up your 401K plan with your company’s stocks?21:27 Revisit your investment performance regularly25:00 The downsides of 401K plans26:37 Make informed investment decisions28:21 A few tips29:19 A few more tips32:05 As I see itSupport the showConnect with me:Instagram: https://www.instagram.com/thefinanciologist/Facebook: https://www.facebook.com/merginglifeandmoneyYouTube: https://www.youtube.com/@merginglifeandmoneyLinkedIn: https://www.linkedin.com/in/mjcaesarClick this link https://mariejocaesar.com/fmtq/take-the-quiz to take the "Discover Your Financial Mindset Type” Quiz, so you can start taking control of your financial destiny and transform your financial identity.Click this link: https://mariejocaesar.com/consult to book a FREE consultation now! Let's map out your path to financial wellness together. Your future self will thank you.