Mistakes to Avoid When Contributing to Your 401k The Agent of Wealth

Retirement is one of the most common financial goals – after all, most people don’t want to work their entire life. That said, retirement statistics reveal that three-quarters of Americans agree that the country is facing a retirement crisis. In this episode of The Agent of Wealth Podcast, host Marc Bautis dives into the first episode of a three-part series on 401ks. Since its inception in 1978, the 401k plan has grown to become the most popular type of employer-sponsored retirement plan in the U.S. Millions of workers depend on the money they invest in these plans to provide for them in their retirement years. Tune in to uncover the mistakes you should avoid.
In this episode, you will learn:
The advantages of investing in a 401k account.How to calculate how much money you need to retire.Tax considerations for 401ks.Common mistakes relating to 401k contribution plans.And more!Resources:
Episode Transcript & Blog | Schedule an Introductory Call | Bautis Financial: 7 N Mountain Ave Montclair, New Jersey 07042 (862) 205-5000

Timestamps:
0:32 - Introduction | What is a 401k?
1:45 - Mistake #1: Not Contributing to a 401k At All
4:14 - Mistake #2: Not Taking Advantage of An Employer Match
5:11 - Mistake #3: Not Underestimating How Much Money to Save
8:54 - Mistake #4: Pausing Your 401k Contributions
9:55 - Mistake #5: Waiting Until the End of the Year to Make 401k Contributions 
10:44 - Mistake #6: Overlooking a Roth Option for 401ks