“The savings decisions you are making today have far more implications than you might be seeing,” warns the author of today’s article, who points out that many people decide to save the maximum allowable in their 401(k)s because “that’s what everyone does.” The problem with following the herd in this regard, according to the author? 401(k)s were not designed to be used in this manner, and “this concentrated savings into tax-deferred programs creates a pool of money so large it can put you at risk of paying more taxes later in life.” To read more, CLICK HERE.
