The advantages of retirement accounts are pretty well known: They enable you to invest for your future and score some nice tax breaks. You might even get an employer match, depending on the account you use. But retirement accounts also have some disadvantages.

For starters, they usually require you to lock up your money until you're at least 59 1/2. Withdrawing earlier could result in steep penalties. Because of this, you might not want to put any money in a retirement account in 2023 if any of the three scenarios below apply to you.

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Source Fool.com