The Unfortunate Truth About Maxing Out Your 401(k)

The Unfortunate Truth About Maxing Out Your 401(k)

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. Let's review a few of the downsides as it relates to maxing out your 401(k). If you look at life like a math problem, it's fairly easy to see that contributing the maximum to your 401(k) over a 30- or 40-year working career makes a lot of sense.