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3 Reasons Not to Save in Your Employer's 401(k)


Not everyone has access to a 401(k) plan through a job, so if your employer happens to offer one, you might consider yourself lucky. That said, not all 401(k)s are created equal, and while they do come with much higher annual contribution limits than IRAs, they're not your only retirement savings option. Here are a few reasons to pass up your employer's 401(k) -- and find a different home for your money.

Many companies that sponsor 401(k)s also match employee contributions to varying degrees. But if your employer offers no match whatsoever, then it pays to consider housing your savings elsewhere.

Image source: Getty Images.

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Source Fool.com


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