Maximize Retirement Savings: The 401k Contribution Mistake
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
MIT researchers uncover a significant retirement savings blunder: couples often fail to direct 401k contributions to the spouse with the better employer match, costing them an average of $14,000 in lifetime savings. By reallocating, one in five couples could boost savings by $750 a year. The solution? Check plan details, calculate max matches, and prioritize the better one first.
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