Reported 2 days ago
Money expert Jaspreet Singh highlights four often-overlooked pitfalls of traditional 401(k) plans that could lead to costly mistakes. He emphasizes the importance of understanding tax implications, the impact of high fees, limited investment options dictated by employers, and risks associated with lack of diversification. Singh advocates for exploring alternatives like IRAs and self-directed accounts to enhance investment returns and manage risks more effectively.
Source: YAHOO