Millions of Americans are approaching retirement age, and with that milestone comes critical decisions about retirement savings. One of the most expensive mistakes people make when changing jobs or retiring is mishandling their 401(k) rollover. This error costs Americans billions of dollars in lost investment growth, unnecessary taxes and penalties every year.
Why does this 401(k) mistake happen, and how can you make sure it doesn’t happen to you before retirement? Here are a few takeaways and strategies to avoid this common 401(k) rollover mistake that costs Americans billions of dollars.
