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This easy mistake could cost you “enough to fund an estimated six additional years of spending in retirement,” Vanguard says. fizkes / Shutterstock.com
When Americans switch jobs, they often see a boost in earnings — but if they’re not careful, a common 401(k) mistake can be a major setback for their retirement savings. A 401(k) allows you to allocate a percentage of your paycheck to a tax-advantaged investment account. These employer-sponsored plans are a smart tool for most workers because contributions reduce your taxable income…
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