When it comes to retirement accounts, the 401(k) is far and away the most popular option. Since it became active in January 1980, the 401(k) has helped millions of Americans build a retirement nest egg designed to sustain them in their golden years.

There's no denying that a 401(k) is an effective way to save for retirement. It's passive, there are employer matches, and it comes with tax breaks. That said, I also believe a 401(k) can often be overrated. Here's why.

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Source Fool.com