{"id":879968,"date":"2026-10-12T18:46:19","date_gmt":"2026-10-12T18:46:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/879968\/"},"modified":"2026-10-12T18:46:19","modified_gmt":"2026-10-12T18:46:19","slug":"making-cents-dont-make-these-three-401k-mistakes","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/879968\/","title":{"rendered":"Making Cents: Don&#8217;t make these three 401(k) mistakes"},"content":{"rendered":"<p><a href=\"https:\/\/www.kcra.com\/news-team\/81f5a29e-b094-49d2-9664-320fed4d5969\" aria-label=\"Deirdre Fitzpatrick profile page\" class=\"css-15eikfp\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/10\/81f5a29e-b094-49d2-9664-320fed4d5969_1636409797.file.png\" width=\"48\" height=\"48\" alt=\"Deirdre Fitzpatrick\" loading=\"lazy\"\/><\/a>SACRAMENTO, Calif. \u2014<\/p>\n<p data-node-id=\"0\">Banking on your 401(k) to fund your retirement? Don&#8217;t get caught by three common mistakes. <\/p>\n<p data-node-id=\"1\"><a href=\"https:\/\/www.captrust.com\/about-us\/our-people\/kathryn-mccall\/\" target=\"_blank\" rel=\"nofollow noopener\">Kathryn McCall<\/a>, CAPTRUST vice president and financial adviser, says some of the biggest problems arise after someone takes a loan against their investment account. <\/p>\n<p data-node-id=\"2\">&#8220;In addition to giving up earnings growth on that money, there are tax implications of the loan because you have to pay back the loan with after-tax money and then when you take the money at retirement you get taxed on it again. That makes the value of the loan double-taxed,&#8221; McCall said. <\/p>\n<p data-node-id=\"3\">McCall also pointed out you lose out on company matches on loan repayments. <\/p>\n<p data-node-id=\"4\">The second biggest mistake is not taking advantage of a company match. McCall called employee matches &#8220;free money&#8221; and reminded employees that 401(k) matches are part of your benefits and compensation package. <\/p>\n<p data-node-id=\"5\">And the third mistake to watch out for is failing to invest your 401(k) money properly.     <\/p>\n<p data-node-id=\"6\">McCall said, &#8220;Remember to go into your company\u2019s retirement site to make sure your account is invested for appropriate long-term growth. If you are younger and have a long horizon towards retirement, consider having a higher allocation to stocks.&#8221;<\/p>\n<p data-node-id=\"7\">People approaching retirement should aim to reduce risk levels.  McCall recommended talking with a financial advisor to make sure you are on track for your retirement goals.  <\/p>\n<p data-node-id=\"8\"><a href=\"https:\/\/www.kcra.com\/\" rel=\"nofollow noopener\" target=\"_blank\">See more coverage of top California stories here<\/a> |<a href=\"https:\/\/www.kcra.com\/article\/get-kcra-news-on-the-go-download\/44039145\" rel=\"nofollow noopener\" target=\"_blank\"> Download our app<\/a> |<a href=\"https:\/\/www.kcra.com\/subscribe\" rel=\"nofollow noopener\" target=\"_blank\"> Subscribe to our morning newsletter<\/a> |<a href=\"https:\/\/www.youtube.com\/@KCRA\" rel=\"nofollow noopener\" target=\"_blank\"> Find us on YouTube here and subscribe to our channel<\/a> |<a href=\"https:\/\/www.google.com\/preferences\/source?q=kcra.com\" rel=\"nofollow noopener\" target=\"_blank\"> Make KCRA a preferred news source in Google<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"SACRAMENTO, Calif. \u2014 Banking on your 401(k) to fund your retirement? Don&#8217;t get caught by three common mistakes.&hellip;\n","protected":false},"author":2,"featured_media":879969,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[5097,11357,28,369823,369825,18276,3901,162,369824,180217,16601,22060,13271,2066,14797,147,530,1666,3415,18898],"class_list":["post-879968","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-401k","tag-app","tag-business","tag-company-match","tag-compensation-package","tag-download","tag-employee","tag-investment","tag-investment-account","tag-kathryn-mccall","tag-kcra","tag-loan","tag-mistake","tag-money","tag-part","tag-personal-finance","tag-personalfinance","tag-retirement","tag-savings","tag-subscribe"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/879968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=879968"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/879968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/879969"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=879968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=879968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=879968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}