Planning for retirement is most likely the last thing on your mind when starting a new job. While it is easy to push aside your financial plan, the choices you make early in your career could set you up for success. Here are 3 retirement mistakes to avoid at a new job.
Retirement Mistake 1:
Not having a financial plan in place. Making big financial choices are an important part of life. Making sure you have a secure financial plan in place, and contributing regularly, can set you up for success. Be sure to reach out and make an appointment with one of our Advisors if you are ready to start the planning process.
Retirement Mistake 2:
Not contributing to your 401(k) from the beginning or not rolling your 401(k) from your previous job. Contributing the maximum to meet your employer’s contribution is a crucial start to retirement. Read more about your 401(k) options here.
Retirement Mistake 3:
Not taking advantage of different retirement accounts. One good thing about taking full advantage of retirement accounts (like 401(k)’s and IRA’s is that they enable your earnings to grow on a tax-deferred basis.
Remember these 3 retirement mistakes to avoid at a new job when transitioning to a new career. Making sure your retirement stays a priority could help you in the long run.
Ready to meet with an Advisor? Call our office at 801.627.2200 and schedule your complimentary retirement analysis today!