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 stash some cash for retirement outside of your 401(k), too. You’ll agree once you take a look at these four drawbacks of relying solely on your 401(k) for retirement.