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401(k) Pitfalls to Avoid

401(k) Pitfalls to Avoid

January 22, 2024

Navigating your 401(k) wisely is crucial for long-term financial success.

Every individual's financial situation is unique. Consulting with a financial advisor can provide personalized guidance to help you navigate your 401(k) effectively and avoid these common pitfalls.

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This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.

Rebalancing a portfolio may cause investors to incur tax liabilities and/or transaction costs and does not assure a profit or protect against a loss.