You hear it over and over again: A 401(k) is one of your best retirement savings tools. What that statement leaves out is that its value depends in part on how skilled you are at using it. That doesn't mean you need to become an expert in all -- or any -- stocks to be able to build a comfortable nest egg with your 401(k).
However, you need to understand the basics of how they work and the biggest mistakes to avoid. Here are some of the most costly 401(k) errors seniors tend to regret.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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