When To Opt Out of Your Company’s Retirement Plan
Stumbled upon this interesting piece from the Two Cents page of the Life Hacker website. Lisa Rowan, the author, calls it, Should You Ever Opt Out of Your Company’s 401(k) Plan?
It gives us some fascinating insights. This one, in particular, we thought was worth the share:
…a mix-and-match strategy may work for some people. If you don’t have access to a Roth 401(k), and know you can’t max out both a 401(k) and a Roth IRA, “Consider contributing a certain amount to the employer sponsored 401(k) to take advantage of the match and the tax shelter and a certain amount to a Roth IRA to take advantage of the tax-free growth
Give the rest of this interesting article a read for more information and context…