While most retirement savers are (rightly) concerned with optimizing their 401(k)s and IRAs, taxable brokerage accounts often go under-appreciated. Though you won't receive tax deductions for contributions, and you'll be taxed as you receive interest, dividends, and capital gains distributions, taxable accounts offer different benefits that may appeal to investors on all levels of the investing spectrum. 

Here, we'll discuss the advantages of taxable brokerage accounts and how they can even help you retire a millionaire. 

Unlike 401(k) plans, which generally offer a fixed menu of mutual funds and company stock funds, taxable brokerage accounts offer access to the wider universe of investment options. This includes single stocks, bonds, exchange-traded funds, options, and at certain providers, even cryptocurrency and real estate. Depending on your preferences, access to more investment options can make a big difference in the process of creating a bespoke portfolio. 

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Source Fool.com