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    401(k) Plan Pluses and Minuses: How Does It Add Up?

    by Maria Crawford Scott

    Retirement is a long way down the road for many employees-an event that is barely visible on the distant financial horizon. For these individuals, retirement plans may not seem particularly important.

    However, the decision over whether you should contribute to a 401(k) plan can have a big impact on your long-term financial future.

    These types of retirement plans offer significant advantages to those who choose to participate in them. On the other hand, there are certain disadvantages to these types of savings plans. Your contribution decision should be based on adding up the pluses and minuses, and seeing which comes out on top.

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