Five Reasons Some Clients Shouldn't Use Their 401ks

Usually, whenever a working client can contribute to her employer-sponsored 401k or 403b, she should, and to the greatest extent that she can afford. Especially if her employer offers to “match” employee contributions up to a certain amount.

But there are some instances in which a client shouldn’t prioritize saving into a pre-tax retirement plan at work. Here are five times when it’s not the best option for your clients’ earnings. 

Kevin McKinley is principal/owner of McKinley Money LLC, an independent registered investment advisor. He is also the author of Make Your Kid a Millionaire (Simon & Schuster).