Investment Choices
Making poorly informed investment choices can result in lower returns and a smaller retirement nest egg.

Maximizing Contributions
Contributing less than the maximum allowable amount misses the opportunity to build a larger retirement fund.

Risk Tolerance
Taking on too much or too little risk can lead to significant losses or insufficient growth in your portfolio.

Catch-Up Contributions
Failing to make catch-up contributions when eligible can limit your retirement savings growth in later years.

Tax Implications
Not considering the tax impact of withdrawals can lead to unexpected tax bills, reducing available funds.

Procrastination
Putting off retirement planning reduces your options and the potential for growth, leading to financial stress later.

Employer Match
Not contributing enough to get your employer's match is essentially leaving free money on the table.

Retirement Budget
Failing to plan a retirement budget can lead to overspending and running out of money prematurely.

Early Withdrawals
Withdrawing from your 401(k) early incurs penalties and taxes, drastically reducing your future retirement income.