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To help make sure that you are ready for your retirement years, watch out for the following pitfalls.




Delaying savings.
Time is money when it comes to maximizing investment returns. If you’re not saving and investing through the Owens Corning 401(k), get started today!


Missing out on the full match.
Be sure you save at least six percent of pay in the 401(k). OC provides a dollar-fordollar match on the first six percent you save. You don’t want to miss out on that. Some grandfathered employees may get different contributions.


Early withdrawals.
You’ll face significant tax penalties before age 59½, and you’ll lose future tax-deferred growth on the money you withdraw.


Borrowing from your account.
It may seem like a good idea, but it can slow down your account growth. Plus, borrowing from the 401(k) requires you to pay back the loan plus interest with aftertax dollars.


Ignoring your investment strategy.
Over time, your financial goals, risk tolerance, and investment timeline can change. Be sure your investments meet your current situation and needs.


Doing it yourself.
Stocks. Bonds. Target date funds. It’s complicated and changes all the time. Don’t be afraid to ask for help. You can get help from Fidelity by calling 800.601.4015. Or, contact Beacon Health Services at 800.351.7669 for help getting a handle on your general financial wellness.