For many working Americans, the 401(k) is the most straightforward way to save for retirement. It's an employer-sponsored plan with much to like, especially if it comes with an employer match, which is basically free money.

So, when I say that there are reasons to avoid a 401(k), it's just that there are drawbacks that might make utilizing more than one retirement account a good idea. Don't go out and cancel your 401(k) plan.

Instead, read this and consider a retirement strategy in which your 401(k) isn't the only plan but a piece of a larger vision.

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Source Fool.com