But once you've earned your match, continuing to put additional money in your 401(k) may not be the right move. HSAs can provide better tax breaksAfter earning your employer match, you can turn your focus to a health savings account (HSA) instead of a 401(k). Putting money into your HSA can be a much better option than adding to a 401(k), because an HSA offers better tax breaks. With an HSA, contributions are tax-free, and withdrawals are also tax-free as long as you use the money for qualifying medical care. 401(k) accounts may come with high feesFinally, the last reason to consider limiting your 401(k) contributions is because these accounts can often be expensive.

Source: Los Angeles Times August 11, 2022 20:01 UTC