Think Maxing Out a 401(k) Is Always Smart? This Might Make You Change Your Mind.
There may be better options to consider.
Overview
This year, 401(k) plan contributions max out at $24,500 for workers under 50 and $32,500 for those 50 and over. If you contribute the max to your 401(k) on an annual basis, by the time you retire, you may find yourself sitting on quite a lot of savings.
That doesn't mean it makes sense to max out a 401(k) year after year. Here are a couple of reasons not to -- and what to do instead.
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Originally published at www.fool.com.
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