
Approximately 60 million workers contribute to a 401(k)-retirement plan. A 401(k) is a tax-advantaged retirement savings plan companies offer employees and is funded through elective salary deferrals. There are several benefits to having a 401(k), especially if you are a high earner, that offer ways to build a substantial retirement. However, there are some downsides to keep in mind. Here are both the pros and cons to consider: Pros to building a robust 401(k): Contributions can g
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