Qualified plans are wonderful savings tools that are offered by employers. However, they were never meant to be the sole source of savings for retirement. There are two large drawbacks. One, your investment options are limited to the choices available in your employer’s plan, and two, all of the money saved is 100% taxable in retirement. If this is your sole source of retirement savings, there’s a good chance your Social Security payments will be taxable, as well. We have investment advisors that can help you design a savings plan that takes taxes into account, as well as your retirement goals.