Reason #2: Your 401k Has Lousy Investment Options
With a 401k plan, you might be limited to 15 or 20 investment options. If some of these funds are top performers and have low fees, you have a good plan. If not, you can do better by opening a Traditional IRA or Roth IRA where you can literally choose from thousands of stocks, mutual funds, and ETFs with better a performance history and lower fees.
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