I Used to Think Maxing Out a 401(k) Always Made Sense. Here's Why I Was Wrong.
While it's good to contribute a lot to a tax-advantaged account, there can be a huge drawback.
I Used to Think Maxing Out a 401(k) Always Made Sense. Here's Why I Was Wrong.
Overview
My first job out of college didn't offer a 401(k) plan right away. And that was something I resented during those early years of saving for retirement.
Sure, I had access to an IRA. But I really wanted that 401(k) for the workplace match (which, incidentally, I never wound up getting even when my employer started offering its own company plan).
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Details
Source
Originally published at www.fool.com.
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