Motley Fool brings us some guidelines on common mistakes to avoid.
The 3 Biggest 401(k) Mistakes
By Amanda B. Kish, CFA
September 10, 2008
News flash: Investors hate to lose money.
While “don’t lose money” is a good rule of investing (Warren Buffett counts it as Rule No. 1), people have been known to make some pretty dumb moves to [...]
A 401(k) plan is a qualified (i.e., meets the standards set forth in the Internal Revenue Code (IRC) for tax-favored status) profit-sharing, stock bonus, pre-ERISA money purchase pension, or a rural cooperative plan under which an employee can elect to have the employer contribute a portion of the employee’s cash wages to the plan on [...]
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