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Is a 401(k) plan the best retirement savings option?
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No, a 401(k) plan is not necessarily the best retirement savings option. A 401(k) plan may be beneficial for some people but it can also have drawbacks such as high fees and lack of investment options. Other retirement savings options include Roth IRAs, traditional IRAs, SEP IRAs, and Simple IRAs. Each of these plans offer different advantages so it's important to research each one to determine which is right for you.