Here's Why Only Saving for Retirement in a 401(k) Could Cost You
Not everyone works for a company that offers a 401(k) plan, and even if you do for part of your career, that may not be the case for all of it. But if you do have access to a 401(k), there are certainly benefits to participating in it.
For one thing, it's easy to fund a 401(k). All you have to do is tell your employer what percentage of your wages you want to contribute, and voilà -- funds get routed into your account automatically each month.
Also, many employers that sponsor 401(k)s also match worker contributions to some degree. In those cases, if you put in some money of your own, you'll end up with a nice chunk of extra money from your employer as well.
Source Fool.com
