I can afford to contribute 15% to my 401(k) - but I'd rather contribute less. Is that foolish?

Investing in a 401(k) is indeed a valuable method for saving for retirement, but contributing the maximum amount isn't always the best strategy for everyone.

It's crucial to assess the limitations of a 401(k), including limited investment choices and potentially high fees, which can negatively impact your overall returns.

Diversifying your investments beyond a 401(k)—by using brokerage accounts or savings—is often advantageous, especially when your 401(k) doesn't offer favorable investment options.

You should always aim for your employer match in a 401(k) as a foundational strategy, but once reached, explore other investment avenues to optimize retirement savings.

Read at 24/7 Wall St.