Author:
Source
While the benefits of maxing out your 401(k) are well documented, there still exists a few inconvenient downsides when you invest in your employer’s retirement plan. Even though the upside is likely to outweigh the downside when it comes to planning for retirement, you should be aware that the 401(k) isn’t a complete problem-solver as far as your total financial picture is concerned.
Let’s review a few of the downsides as it relates to maxing out your 401(k).
Image Source: Getty Images.