A company sponsored retirement plan is one of the best benefits your employer can offer you; but in order to realize the greatest success with this benefit, you need to play an active role. There are a number of common mistakes to avoid and steps you can take that will help put you well on your way to making the most of what your plan has to offer.
Mistake: Not contributing.
The reasons many do not contribute are numerous: cannot afford it, too overwhelming to review the plan and pick choices, or just forgetting to set it up. The reality is you cannot afford to pass up the savings opportunities available with a company sponsored retirement plan. Each day you are not contributing is a day missed in savings.
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