3 Drawbacks of Using Only a 401(k) for Retirement
There are plenty of benefits to saving for retirement in a 401(k) plan. Not only does it offer much higher annual contribution limits than IRAs, but many companies that sponsor them also offer matching contributions. This means that if you put money into your plan out of your own paycheck, your employer might kick in some money as well.
But while it pays to take advantage of a 401(k) if you have access to one, you shouldn't necessarily limit yourself to a 401(k). Here are three pitfalls you might encounter if you go that route.
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Source Fool.com
