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3 Drawbacks of Using Only a 401(k) for Retirement

KXLY March 11, 2021 6:20 AM newsfeedback@fool.com (Ryan Downie) Posted: Updated: March 13, 2021 4:36 AM 401(k) accounts are a great tool for savers who want to supplement Social Security income in retirement. It’s a great idea to take advantage of the employer matches and automated savings provided by this account. However, you might want to consider a more balanced approach if you’re contributing above and beyond the employer match. Everyone’s situation is different, but there ...
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Source: kxly.com

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4 Drawbacks of Using Only a 401(k) for Retirement

Channel3000.com January 13, 2021 8:21 AM newsfeedback@fool.com (Catherine Brock) Posted: Updated: January 15, 2021 9:06 AM The 401(k) is one of the simplest ways to save for retirement. Once you set up your contribution amount and your investment picks, the process is mostly automated. You’re essentially building wealth without even thinking about it. Plus, you might get some free employer match contributions to speed up your progress. But even with those perks, you’ll want to sta...
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