3 Reasons Not to Save in Your 401(k)
The actor Samuel L. Jackson didn't get his big break in Hollywood until he was 43 years old. That's an unconventional path for a movie star and a reminder that the road to success isn't the same for everyone. Just as Jackson found his way to stardom, you can find your way to financial independence -- with or without contributing to a 401(k).
The conventional retirement advice involves saving 15% of your income to your tax-advantaged 401(k), increasing those contributions every year, and investing for the long term in diversified mainstream investment funds. All of that is solid and appropriate advice for most working Americans. But as with anything, there are exceptions. Here are three situations when saving to your 401(k) may not be in your best financial interest.
Image source: Getty Images
Source Fool.com
