Should You Open a Brokerage Account if You Haven't Maxed Out Your Retirement Plan?

Should You Open a Brokerage Account if You Haven't Maxed Out Your Retirement Plan?

You often hear that saving for retirement is important. If you don't have access to a 401(k), you can open an IRA and save for retirement there. It's a good idea to try to max out your retirement plan -- meaning, contribute enough to hit the maximum allowable contribution for the year.