“Financial Mistakes That Could Haunt You Forever” by yahoo.com
Posted by yopi on October 29, 2009
“After the sudden drop in the Dow this time last year, many investors were left to wonder what else could happen to deflate their savings and investment portfolios. We came up with a list of some of the scariest — and potentially most costly — financial mistakes you could make. Take steps now to ensure that you don’t lose money by making some of these big, bad choices.
Not Rolling Over Your 401(k) Savings
If you leave a job and opt to take the savings you have accumulated through your employer’s 401(k) plan, you need to roll it over into a qualified investment vehicle (i.e. a new employer’s 401(k) or 403(b) plan, an IRA, etc.) within 60 business days or …”
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