The 401(k) and similar employer-sponsored retirement savings accounts are, by far, the most popular tool that Americans use to save for retirement.

But just because something is popular doesn't necessarily make it the best choice for you. To be sure, a 401(k) has a lot of benefits: enrollment is simple, the vast majority of employers who offer them also contribute matching funds, and their annual contribution limits are high. But a lot of investors could benefit even more from an account with lower fees and greater flexibility.

That's why I'd choose an Individual Retirement Account (IRA) over a 401(k) for my retirement savings.

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Source Fool.com