3 Rookie Retirement Savings Mistakes to Avoid in 2026

Group 1 - Retirement savings can be challenging, especially when immediate financial obligations take precedence over long-term savings goals [1] - Individuals planning to enhance their retirement savings in 2026 should be aware of common mistakes that can hinder their progress [2] Group 2 - Not taking full advantage of a 401(k) match can result in significant financial loss over time; for example, forgoing a $3,000 match at age 30 could lead to a loss of nearly $52,000 by age 67, assuming an 8% annual return [3][4] - Understanding the employer's 401(k) vesting schedule is crucial, as it determines when employees can keep the employer's matching contributions; failing to do so may result in losing out on free money [5][6] - Employee contributions to a 401(k) are fully owned by the employee regardless of employment duration, while employer matching contributions are subject to the vesting schedule [8]