Avoid These Common 401k Pitfalls

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.

[@kailahmom]

I sooooo wish I knew these things 10 years ago! So much regret! Trying to learn and make up for falling for all theses pitfalls. Thanks for all you guys do to educate the public.

[@hw9264]

Worked for 45 years at last employer. Started to contribute to retirement as soon as company would let me. Each time got a raise would add a little percentage to retirement out of each paycheck. Location changed hands several times between several different corporations with a different name on the front of the building each time. Didn’t move the retirement from corporation to corporation. Each time people would ask if I was going to transfer my retirement and I wouldn’t because didn’t want all my eggs in one basket. Now being retired and having several different incomes each coming on a different week each month just like still having a weekly paycheck.

[@datbio7302]

man, I stumpled into most of the pitfalls, outch!

[@datbio7302]

please consider to do a video of investing your after tax extra money to do roth conversion vs. contribute to 401k after tax