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Part: 5 Here's Our Advice > How to Avoid the Biggest Mistakes - Pg. 249

249 Chapter 24. How to Avoid the Biggest Mistakes In This Chapter · The biggest mistakes people make with their 401(k) plans · How to avoid these mistakes · The most commonly asked questions about 401(k)s and other defined contribution plans Should you join the 401(k) plan now or wait a few months? How about those "risky investments"? Should you put money in them ... or should you play it safe? Taking a loan from your 401(k) account can't hurt, right? In this chapter we'll explore the most frequent mistakes people make, and we'll answer the most common questions that people have. We've organized this chapter in four easy-to-follow sections: · · · · Saving Taxes Investing Withdrawing While the information here is current and appropriate for most people, there are always exceptions. For these reasons, make sure you fully understand how our responses relate to your specific fi- nancial situation before taking action. If you have any questions, talk to your plan administrator or a Certified Financial Planner before making decisions. So come along with us and explore the things you really shouldn't do with your 401(k), and we'll answer your most frequently asked questions.