3 Reasons to Keep Your Retirement Savings Outside a Retirement Account

Keeping your retirement savings in a 401(k) or IRA can save you money on taxes and make the task of saving a little easier. Below, we'll look at three scenarios where you're better off keeping your money out of tax-advantaged retirement accounts and consider where you might want to put it instead. Retirement accounts usually charge a 10% early withdrawal penalty if you attempt to withdraw funds before age 59 1/2, though there are exceptions.