NOT GETTING FULL EMPLOYER MATCHING CONTRIBUTIONS
If you aren’t taking advantage of your employer’s 401k matching contributions, you are missing out on a valuable opportunity to grow your retirement nest egg.
“This is a part of your compensation package and should always be utilized to the fullest extent,” said Ryan Guina, founder of personal finance blogs Cash Money Life and The Military Wallet. He recommended that individuals who can’t afford to contribute enough should adjust their spending habits and lifestyles to take advantage of this “free” money.