A 401(k) Is Cool, but Here's the Main Reason It's Overrated
There's no doubt a 401(k) is a great resource for saving and investing for retirement. It's a reason they're regarded as the best resource by many people. It's a 2-for-1: You can lower your taxable income and save money in the present, as well as put yourself in a position for a financially comfortable retirement.
Despite all its benefits, 401(k)s aren't with their downsides. Most notable is their fees, which can slide under the radar if you're not careful.
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Source Fool.com