Attention all entertainment and creative industry professionals: Join me on an upcoming important seminar about managing your finances as an entertainment professional.
Clearly, the needs of retirees, who are busy spending down their retirement savings, are quite different from the needs of employees, who are (or should be) busy building up their retirement savings.
While 401(k) plans typically come with benefits that promote long-term saving, you might find some drawbacks as well. Understanding the potential downsides of 401(k)s can help you better plan for your financial future.