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The Top 12 401(k) Mistakes to Avoid


Few of us have pensions these days, as companies are now far more likely to offer workers 401(k) accounts with which to save for their retirements. It's not exactly a great deal, as risks and responsibilities have been transferred from employers to employees.

If you want to amass enough money for your retirement, it's probably largely up to you to do so, by making good use of available retirement accounts and by investing effectively in them. Here's a look at 401(k) accounts and how to make the most of them, avoiding costly blunders.

Image source: Getty Images.

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Source Fool.com

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