Saving in a 401(k) is typically considered a great thing to do for your future. It may mean getting by on a little less money today, but it will help you pay for a more comfortable lifestyle in retirement. It also could help you snag a little extra bonus from your employer in the form of a 401(k) match.

But there are times when stashing your money in one of these accounts could hurt you more than it helps you. If any of the three scenarios below apply to you, you may want to rethink your 401(k) contributions for 2023.

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Source Fool.com