The Unfortunate Truth About Maxing Out Your 401(k)
If you have a 401(k) plan available to you at your workplace and you're participating in it, routing a certain percentage of each paycheck to your 401(k) account regularly, that's great! Those tax-advantaged accounts can really help people save for retirement.But 401(k) plans aren't perfect, and you may want to think twice before maxing out contributions to your 401(k) account. Here are some reasons why.Image source: Getty Images.Continue reading
If you have a 401(k) plan available to you at your workplace and you're participating in it, routing a certain percentage of each paycheck to your 401(k) account regularly, that's great! Those tax-advantaged accounts can really help people save for retirement.
But 401(k) plans aren't perfect, and you may want to think twice before maxing out contributions to your 401(k) account. Here are some reasons why.
Image source: Getty Images.
