These days, many pre-retirees save for retirement primarily through an employer-provided 401(k). 401(k) accounts can be a great savings tool, especially if your employer matches your contributions. But there are occasions when relying on a 401(k) account isn’t the best option.
For example, some employers don’t match their employees’ contributions, which takes a major shine off these types of accounts. Other 401(k)s have a narrow range of investment options to choose from, leaving employees dissatisfied and frustrated with the results they’ve been getting. Many of these people would love an alternative, but don’t feel like there is one.
The good news is that there may indeed be an alternative. It is called an “in-service withdrawal.” Read More