If you're saving for retirement, chances are good you're using a 401(k) to do it. These workplace retirement accounts (or the equivalent versions for public sector workers) are the most common retirement plans in America, and with good reason.
A 401(k) plan is easy to open — you may even be auto-enrolled when you start work — and easy to contribute to, since funds come right out of your paychecks. You get generous tax breaks, enjoy high contribution limits, and may even get a generous employer match depending on the company you work for.
