Should I Max Out My 401(k)? A Fresh Look at an Old Rule

Should you really be maxing out your 401(k)? In this episode of Retirement With/On Purpose, host Trevor Lawson challenges one of the most common pieces of retirement advice. Drawing insights from a compelling article by Nick Maggiulli, Trevor explores the pros and cons of maxing out your 401(k)—including fees, limited flexibility, and the long-term tradeoff of locking up your capital. He also breaks down a 30-year side-by-side comparison between a Roth 401(k) and a taxable brokerage account, revealing just how much (or little) you might gain. Tune in for a fresh perspective that may shift how you think about saving for retirement.

Read more of Nick Maggiulli insights here: Should I Max Out My 401k? [The Surprising Truth] by Nick Maggiulli

For more information and resources, visit Trevor-Lawson.com.

Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

What is Retirement With/On Purpose?

A podcast designed to help retirees and those nearing retirement navigate finances and life planning with expert insights from financial advisor Trevor Lawson. Tune in for practical strategies and inspiring ideas to ensure your retirement years are purposeful, fulfilling, and truly your best chapter yet.

*Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: [phone].