In his September 2nd, 2015 MarketWatch article One Solution to Three Costly Retirement-Saving Mistakes, RCH’s CEO Spencer Williams provides insight as to why a majority of Americans are not very confident in their retirement readiness. Three costly mistakes consistently plague retirement savers: 1) leaving 401(k) accounts behind when changing jobs, 2) prematurely cashing out and 3) not informing prior employers’ retirement plan record-keepers about address changes.
While these common mistakes can be costly, Williams identifies a simple way to avoid them – by consolidating your retirement savings when you change jobs.
Finally, Williams offers practical advice on how retirement savers can get the consolidation process started.
Click Here to Read the MarketWatch article, One Solution to Three Costly Retirement-Saving Mistakes.