If your employer offers a 401K, but you do not like their investment options and fees, what are your alternatives?
I know there are Traditional and Roth IRAs. But if your income is too high to contribute to those IRAs are there any other options or are you stuck with the 401K?
This is more of a hypothetical question. From my understanding a 401K can have fees of around 1% of your portfolio. And you might have a three year vesting schedule on your employer match.
So if you are in an industry with a high turnover rate, so you don't expect to become vested in a match, and the 401K has higher fees in comparison to some low cost robo-advisors(that invest in ETFs) like Wealthfront or Betterment. In that kind of circumstance is there an alternative?
I am aware of these other types of accounts like IRAs and HSAs, but none of them seem to allow you to contribute as much as the 401K.