3 Reasons Why a 401(k) May Not Be Your Best Retirement Savings Choice
Social Security generally won't pay you enough money to retire comfortably. To achieve that goal, you'll need personal savings to supplement those benefits.
You may decide that a 401(k) plan is the best place to house your savings. With a 401(k), contributions are easy. You simply sign up for your employer's plan, indicate how much money you want to be deducted from each paycheck, and watch as your plan is funded automatically.
401(k) plans may be convenient, but they also have their pitfalls. Here are a few reasons why a 401(k) may not be the right choice for your nest egg.
Source Fool.com