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Common Retirement Plan Mistakes

Do you know? Not maximizing your employer match is the mistake you should never make. If you don’t know how to plan your retirement and have the fear of making more mistakes, can give you the best solution. What it comes down to is that the employer match is free money and can be the best ROI as you expect.

Taking a loan from the account of your retirement is something to never make if you are still able to fund the needs, including the emergency ones. Too many individuals treat their employer retirement plan just like a saving account if the plan will let them get the loan. Believe it or not, borrowing money from the retirement saving account can be a costly mistake. Well, not diversifying your investment and not rebalancing the portfolio are also known as the common mistakes of retirement plan that many individuals make.