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7 401(k) Mistakes All Millennials Should Avoid

By Annie Gabillet

If you don’t believe putting a little more money into your account today will have big returns later, check out this example offered by Nick Holeman, a certified financial planner and financial planning expert at online investing service Betterment. “Someone who puts $4,000 per year into retirement accounts starting at 22 years old can have $1 million by age 62, assuming 8 percent average annual returns. Wait 10 years to start contributing and you’d have to put in more than twice as much – $8,800 per year — to reach the same goal.”

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This article originally published August 21st, 2017 on POPSUGAR


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