The Most Popular Retirement Account Is Also the Most Overrated -- Here's Why
One thing's for sure regarding retirement savings: The earlier you begin, the better. Time and compound earnings are some of the greatest wonders in the investing world, and their impact can't be overstated. Using retirement accounts is one of the most productive ways to do it.
There are a handful of retirement accounts available, but none are as popular as the 401(k), mostly because it's offered through employers. A 401(k) allows people to set aside pre-tax money, enabling you to save for retirement while lowering your taxable income for the year.
Although millions of Americans rely on a 401(k), and it's a great resource, it's also overrated in my book. Let's take a dive in and see why.
Source Fool.com
