Reported 8 months ago
Saving for retirement is crucial, and while a 401(K) is a great tool, investing too much in it can lead to limitations and unexpected consequences. Key frustrations include required minimum distributions starting at age 72, lack of tax diversification, potential for high fees, withdrawal penalties, and missed growth opportunities. Suggestions include diversifying with Roth IRAs, considering lower fee investment options, and exploring annuities for guaranteed income and market protection.
Source: YAHOO