Here’s why you shouldn’t put all your retirement savings in your 401(k)

While 401(k)s are a great way to reach the important goal of retirement, one financial planner says that it’s also important to not put all your eggs in one basket. Diversifying where you invest is a strategy to help your money last, says financial planner Hanna Horvath, because it accounts for the various tax treatments of your accounts and allows you more flexibility in accessing savings.

The three types of accounts worth considering include a 401(k), an after-tax account like a Roth IRA or Roth 401(k), and a taxable brokerage account for the rest of your nest egg savings.

Read more: Business Insider 

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