Here's Why You Should Never Put All of Your Retirement Savings Into a 401(k)
If you have access to a 401(k) plan, it means you actually have multiple options when it comes to saving for retirement. If you're eligible for a 401(k), it means you work for an employer and therefore earn income. And anyone with earned income can contribute to an IRA.
You can also contribute to a taxable brokerage account regardless of where the money comes from. If you receive a $50,000 inheritance, you could choose to put all of that money into stocks in the hopes of seeing it grow.
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Source Fool.com
