3 Reasons a 401(k) Is the Wrong Place for Your Retirement Savings
It's important to save for retirement rather than rely on Social Security alone to cover your senior living costs. While those benefits might help you pay the bills, they only provide the average recipient today with about $20,000 in annual income. And chances are, that won't be enough money for you to live on.
On the other hand, if you build yourself a solid nest egg, that, combined with the money you receive from Social Security, might make for a very comfortable retirement. But if you're going to save for your senior years, it's important to choose the right retirement plan. Here are a few reasons a 401(k) plan may not fit that bill.
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Source Fool.com
