Very, very troubling news Friday.

Fidelity Investments, one of the biggest 401(k) plan administrators in the country, announced that the number of people taking money out of their plan early hit a 10 year high.

There was a 37% jump in 401(k) loans over this time last year.  And worse yet, 1 out of every 5 accounts now has an outstanding loan.

We know times are tough, but these numbers are shocking.  Raiding your 401(k) early must truly be used as the absolute last resort.

We’re not going to sugar coat this for you—saving enough for retirement is harder than ever with the death of company pensions, a lost decade in the stock market and the collapse of housing prices.  If you want to live a retirement free from financial worry, it is CRITICAL that you avoid making common retirement mistakes that trip up so many people.

Keep reading to learn about seven mistakes that can ruin your retirement planning…

Read More In: Retirement Center