If you have a significant amount saved for retirement, like $775,000, you might consider diversifying your funds for flexibility instead of solely investing in a 401(k).
For individuals who are relatively young, such as those in their 30s, focusing solely on maximizing 401(k) contributions might not be the best strategy depending on their liquidity needs.
If your employer offers a matching contribution for your 401(k), it is crucial to maximize those contributions as it significantly boosts your retirement savings.
Allocating some funds to a non-registered brokerage account can provide access to funds without immediate tax penalties, giving more control over liquidity while still benefitting from investment gains.
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