A 401(k) Is a Great Resource for Retirement, but It's Overrated
When people think about retirement savings, the 401(k) plan seems to be the first thing that pops into their heads. For decades, it has been the go-to retirement account, used by millions to help secure their financial future. The 401(k) is a cornerstone of retirement planning -- it's tax-friendly, hands-off, and convenient.
Despite how revered the 401(k) seems to be, crowning it the ultimate one-stop shop retirement account might be a stretch. Some notable drawbacks highlight the importance of a diversified retirement savings strategy. That's why an IRA can be a great way to round out your savings.
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Source Fool.com
