Now that a new year is upon us, you might feel compelled to start making good on some of the resolutions you put in place in late 2023. And one of those may be to boost your long-term savings in 2024.

To be clear, saving more for retirement is always a good thing to do. But that doesn't mean your extra savings should go into your 401(k) plan. Here are a few good reasons not to increase your 401(k) contribution this year.

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Source Fool.com