3 Reasons Not to Max Out Your 401(k) This Year
The end of 2023 will be here before we know it. At this point, you may be in the process of making a list of the financial goals you want to tackle before the year comes to a close, and one of those items may be to max out your 401(k).
In theory, maxing out a 401(k) is a great idea. The more money you're able to pump into your retirement plan, the more of a nest egg you stand to accumulate.
Plus, traditional 401(k)s offer a tax break on your contributions. So if you're able to max out before the end of the year, you can shield extra income from the IRS.
Source Fool.com
