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Karen Roberts
Verified
Contributing Writer, Bankrate
Beats
Education Arts and Culture LGBTQ+ Rights Women and Gender Policy
fluffy, bunnies
Content
By Karen Roberts, James Royal Verified, Rachel Christian| Bankrate Verified A 401(k) can be a great way to save for retirement, but a few wrong decisions can derail your progress. Fortunately, it only takes a little planning to avoid the biggest 401(k) mistakes. Here are some common mistakes you can make with your 401(k) and how to avoid them. (A financial advisor can also help you establish a plan while steering clear of the biggest pitfalls.)1.
By Karen Roberts, James Royal Verified, Rachel Christian| Bankrate Verified Contributing to a 401(k) plan is one of the simplest ways to save for retirement, and Americans have trillions of dollars invested in their plans. About 63 percent of all American workers had access to retirement plans, such as a 401(k), at work in 2023, according to a report by the Congressional Research Service. But life happens, and at times you might be tempted to consider reducing your 401(k) contribution or eliminating it altogether.
By Karen Roberts, James Royal Verified, Rachel Christian| Bankrate Verified A 401(k) can be a great way to save for retirement, but a few wrong decisions can derail your progress. Fortunately, it only takes a little planning to avoid the biggest 401(k) mistakes. Here are some common mistakes you can make with your 401(k) and how to avoid them. (A financial advisor can also help you establish a plan while steering clear of the biggest pitfalls.)1.
Company Info
Bankrate
Bankrate is a prominent personal finance company founded in 1976 by Robert K. Heady. Initially known for its print publications, it transitioned to an online platform with the launch of Bankrate.com in 1996. This shift marked a significant evolution in its business strategy, allowing it to provide a wide array of financial information and tools to consumers. The company offers detailed insights on credit cards, mortgages, deposits, and other financial products. It features calculators and comparison tools to help users make informed financial decisions. Bankrate also operates a network of content-rich websites that focus on various financial categories, providing valuable advice for managing personal finances. While it has a history of print publications, its primary focus is now on delivering comprehensive online financial services.
Fort Mill, South Carolina, United States
+1 561-630-2400
Founded: 1976