promoearn: The Daily Money: 3 reasons not to save in your employer's 401(k)

Tuesday, January 12, 2021

The Daily Money: 3 reasons not to save in your employer's 401(k)

ALL THE MONEY NEWS YOU NEED TO KNOW

Tuesday, January 12

Good morning, Daily Money readers! It's Josh Rivera here with the top money headlines.

When the pandemic ramped up last year many employers suspended 401(k) matches, which made many people consider their options.

One of them: Not saving in their employer's 401(k).

"Not all 401(k)s are created equal, and while they do come with much higher annual contribution limits than IRAs, they're not your only retirement savings option," says Maurie Backman. She delineates 3 reasons not to save with your employer.

In other news, after the Capitol riots personal security became a topic once more. Our reporter Nathan Bomey looked into gun sales and investor reactions and "while gun sales data in the time since the violence is not yet available, the stock price increases for gunmakers suggest investors believe 2021 will be another strong year."

Finally, what happens if a coworkers insists on removing his face mask when it's required by company policy? Our HR expert Johnny C. Taylor Jr. answers the question.

— Josh Rivera, Money & Tech editor