These 3 Painfully Obvious Mistakes Are 401(k) Killers
Access to a 401(k) can be a huge boon to workers saving for retirement, but it's important to remember this account is only a tool. If you want to get the most out of it, you have to learn how it works so you can use it properly. Failure to understand your 401(k) -- or any retirement account for that matter -- can lead to costly mistakes, like the three described below.
Whenever possible, make claiming your 401(k) match your top priority. Try to contribute at least enough to the account to get your full match every year. If you don't, you're giving up a bonus that could be worth a few thousand dollars today and possibly tens of thousands or more by the time you're ready to retire.
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Source Fool.com
