2 July 2021 | Three better ways to save for retirement than a traditional 401 (k)

It's never too late to start saving [A]( If for any reason you believe you received this email in error or if you no longer wish to receive these emails, [click here to unsubscribe](. [The Late Investor](https://) "It's never too late to retire early" [Three better ways to save for retirement than a traditional 401 (k)]( [older couple embracing]( Image Source: Motley Fool We've all heard that the 401(k) has its advantages as a foundational retirement planning account. However, there are other vehicles available that might prove to be even more desirable when it comes time to retire. Traditional 401(k)s come with restrictive rules governing when you can withdraw money. In most cases, you'll need to be at least 55 to avoid penalty (except in the case of unusual hardship, where various amounts may be loaned or withdrawn). Many 401(k) plans also come with high fees and a limited investment menu. And last, many plans require that you work for your employer for a certain number of years before the entire account is actually yours. [Here's a look at three ways to save for retirement completely independent of your employer-sponsored 401(k).]( This is insane — you need to see this right now! Recommended Link: Are you the kind of investor who wants to cash out whenever the market gets hinky? By “hinky,” I mean too high. Too volatile. Too far out of line with the normal P/E ratios and other key metrics. I can’t blame you if you want to run to cash. It sometimes makes good sense. Cash not only gives you a feeling of safety and security, but it also provides you with investment capital to use when the market bottoms out. As the old saying goes, “Nobody ever went broke taking a profit.” But this time is different. Because when the next crisis comes — and I believe it’s coming soon! — cash will be at the center of the storm. Until you [watch it here]( do yourself a favor: Don’t rely on the “safety” of cash. Top Headlines [Do you have to pay taxes on your savings account?]( [Ten ways retirees plan to spend their savings]( [Should you use a Medicare medical savings account?]( [What you need to know to retire with a $5 million nest egg]( [Inadequate savings do not warrant increased investment risk]( [This is a great way to supplement your Social Security benefits]( It's never too late to start saving, Gordon Fox P.S. Know someone who'd love the Late Investor? Be sure to send them to this link so they can get signed up: [investinglate.com]( The Late Investor, 20 N. Orange Avenue, 32801, Orlando, United States You can unsubscribe [here]( any time.