When planning for your retirement, it's important to diversify your savings across different accounts to mitigate risk and maximize returns. One common strategy is to spread your retirement savings across employer-sponsored plans, individual retirement accounts (IRAs), and taxable investment accounts.

For example, you can contribute to a 401(k) or 403(b) plan offered by your employer, which allows for tax-deferred contributions and potential employer matching. Additionally, you can open a traditional or Roth IRA to supplement your employer-sponsored plan. IRAs offer a wider range of investment options compared to employer plans, and they provide tax advantages as well.

Furthermore, consider investing in taxable accounts such as brokerage accounts or real estate. These accounts offer flexibility in terms of withdrawals and can serve as a source of income during retirement.

By diversifying your retirement savings across different accounts, you can take advantage of the unique benefits each account type offers while spreading your risk across various investment vehicles.