The Unfortunate Truth About Maxing Out Your 401(k)
The Motley Fool
AUGUST 5, 2023
Retirement accounts and the 401(k) have become somewhat synonymous. By far the most popular type of retirement account is the 401(k), with close to 35% of working-age people (age 15 to 64) having one or an equivalent like a 403(b). The percentage is even higher for adults when you consider that most jobs for teenagers don't offer a 401(k). When it comes to saving for retirement, the idea has always been the more, the better.
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