How to Make Smarter 401(k) choices

Avoid these five mistakes to build a healthier nest egg.

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In a study of low-income women, Helen Levy, researcher at University of Michigan's Institute for Social Research, found that people want to save more, but they find it impossible after covering basic needs and the burden of supporting needy family members. As one respondent put it, "I'd be great at saving if I had any money."

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