This 401(k) Feature Is Growing More Popular -- and Savers Should Take Advantage

Saving for retirement independently is an important thing. Without savings of your own, you might struggle financially once your career wraps up.

This especially holds true in light of Social Security cuts, which may be a possibility in a little over a decade. But if you bring a healthy nest egg with you into retirement, you'll be in a strong position to manage in the wake of reduced benefits.

Meanwhile, if you have the option to participate in a 401(k) plan, it pays to go that route. Not only do 401(k)s come with higher annual contribution limits than IRAs, but many also come with free money in the form of employer matching dollars.

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Source Fool.com