What is your 401(k)?
What do you know about your 401(k) plan? Do you even have a 401(k) plan? One of the biggest mistakes that people make is to ignore retirement savings. “People think they should know all of this money stuff and get paralyzed when they don’t but ignorance is not an excuse for inaction,” Dearing says.
According to financial experts, about forty percent of American adults aren’t saving for their retirement plans. It’s fine not to know all the necessary information about this retirement process, but you should seek the help of experts, as it’s very important to be prepared for it in the long term. Try to contribute to this plan every month.
