6 disastrous 401(k) mistakes
Workers have the best of intentions when they squirrel away money into their 401(k)s, but merely being a conscientious saver isn’t enough to establish income security in retirement.
Any number of obstacles can throw a 401(k) saver off the right path, ranging from simply not saving enough to fixating on market performance. Chip Castille, managing director and head of BlackRock Inc.’s U.S. and Canada Defined Contribution Group, recently outlined six concerns retirement plan savers ought to bear in mind — and six ways for them to address those worries. (Story by Darla Mercado)