So You Don't Have a 401(k). Here's Why You Shouldn't Panic

There's a reason why many savers jump at the chance to open a 401(k). Not only do these plans come with generous annual contribution limits, but many of the companies that sponsor them also offer matching incentives that could leave you with a lot of free money.

But not everyone has access to a 401(k) plan. Because these plans can be costly to administer, some smaller businesses are compelled to opt out of them.

If your employer doesn't give you access to a 401(k), there's no reason to assume your retirement is doomed. There's another option you can look at for building a nest egg -- and a solid one at that.

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Source Fool.com