"you should still contribute to your retirement accounts. The tax breaks are just too good to pass up. Money you contribute to a traditional 401(k) or 403(b) reduces your taxable income, so it’s essentially a tax deduction. Plus, you don’t pay taxes on any interest, dividends, or gains until you withdraw the money in retirement. That’s known as tax-deferred growth, and ends up providing more money in retirement." - LANjackal from Bookmarklet