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Major retirement savings mistakes — by millennials

Unfortunately 401(k) plan participants in their 20s and 30s are making a number of mistakes with their savings and investments — and what seem like small mistakes when you’re young can have big consequences later in life. The first big mistake is that some young workers aren’t contributing to their 401(k) plan at all. According to a Vanguard Group report, How America Saves 2013: A report on Vanguard 2012 defined contribution plan data , only four in 10 workers under the age of 25 and just six in 10 workers ages 25-34 contribute to their employer-sponsored retirement plan…Read More

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