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401k Plans Do Have Some Downsides
For many folks, the ability to contribute to a 401k plan for retirement savings is a blessing, especially when there’s a generous employer match involved. The ability to defer compensation and avoid current taxation can enable future retirees to accumulate a sizeable nest egg to supplement their income needs after leaving the workforce, and many would not be able to accomplish that on their own. Bur, as The Motley Fool’s Maurie Backman explains in a post today on wacotrib.com, there are some limitations that should be considered when arranging to take full advantage of this benefit. Check out her post here…
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