The Financial Philosophers

Common 401(k) Mistakes that are Costing You Money - Episode 98

Chris & Danny Season 4 Episode 5

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0:00 | 22:45

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In today's episode, Chris and Danny walk through several common pitfalls related to retirement plan contributions (401k, IRA, etc.), investment selections, and other financial behaviors. There are many misconceptions surrounding retirement plans, account types, and perceived "investment performance." These misunderstandings can often lead to hasty decisions or unnecessary disappointment. 

Additionally, many people do not fully understand what they are actually invested in. Oftentimes, accounts are not properly aligned, which can create differing performance results and lead to confusion. Chris and Danny discuss several of the most common mistakes people make and offer practical guidance on how to prevent or correct them. Be sure the check out this episode!

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This podcast is for informational purposes only and should not be considered or regarded as personalized investment or financial advice. All opinions expressed by Chris, Danny, and any guests are solely their own opinion. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided from this program (including any information that may be accessed through this website) is not directed at any individual, investor, or category of individuals or investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.