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

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

401(k)s are widely considered to be one of the best retirement savings accounts for a lot of good reasons. Weigh the following three drawbacks before deciding if it's the best home for your money. When you invest in a 401(k), you're usually limited to target date funds and other mutual funds your employer selects.