A 401(k) is many people's go-to account for retirement savings, especially if their employer matches some of their contributions. The high annual contribution limits are another big plus for those who want to build their nest egg quickly.

Despite all these positives, 401(k)s aren't the best choice for everyone. Some have high fees and poor investment options, which can hamper the growth of your savings. If you don't like your 401(k) or you don't have access to one, consider saving in one of these three accounts instead.

Image source: Getty Images.

Continue reading

Source Fool.com