When Maxing Out Your 401(k) Isn't a Good Idea
Robert R. Johnson
It stands to reason that maxing out your 401(k) and IRA every year is a good thing. With one out of every three individuals having nothing saved for retirement, contributing the maximum is an achievement.
In many cases, it makes sense to pursue maxing out all available retirement plans.
Schmoll, John P., "When Maxing Out Your 401(k) Isn't a Good Idea" (2016). In the News. 1817.