Should You Ditch Your Workplace Retirement Plan?
It may sound counterintuitive, but stashing funds in your workplace retirement plan could actually make it more challenging for you to retire. Some workplace plans are great while others are costly and inflexible. And some plans might be great for certain employees -- just not you. So how do you know if your workplace plan is worth contributing to? Read on to find out.
A bad retirement plan is one that significantly restricts your ability to earn a profit on your savings. This can happen in a few ways. First, your retirement plan might offer a poor selection of investments that don't suit you. If you invest too conservatively, your savings won't grow as quickly, and you will have to contribute more of your own money to save enough for retirement. If you invest too aggressively, you risk a major loss you may not be able to recover from by your chosen retirement date.
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Source Fool.com