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Markets · Investing · Business
Finance
3 Reasons Keeping All of Your Retirement Savings in a 401(k) Is a Huge Mistake
These plans may be convenient and offer certain perks, but over-relying on them could cost you.
There's a reason so many people like saving for retirement in a 401(k) plan. It's easy to contribute to, since the money comes right out of your paycheck, and there's often an employer match to sweeten the deal.
While a 401(k) could be a good home for some of your retirement savings, you probably don't want to keep all of your money in a 401(k). Here's why.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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