3 Pitfalls of Only Using a 401(k) For Retirement
If you have access to a 401(k), consider yourself lucky to be able to invest in one of the most powerful retirement accounts out there.
The 401(k) has plenty of perks: high annual contribution limits, employer matching contributions, and automatic enrollment when you start a new job, to name a few. It's not perfect, however, and there are advantages to investing in other types of retirement accounts as well. While you don't have to quit saving in your 401(k) altogether, there are a few downfalls to only investing in a 401(k).
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Source Fool.com
