Should You Max Out Your 401(k)? 3 Pros and Cons.
Many people have access to a 401(k) plan through an employer. And the nice thing about 401(k)s is that they come with generous contribution limits -- limits that are much higher than what you'll find in an IRA.
This year, 401(k) plan contributions max out at $23,000 for savers under age 50 and $30,500 for those ages 50 and over. And if you have the means to do so, you may be tempted to max out your 401(k).
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Source Fool.com
