There are several advantages to accumulating non-retirement assets in addition to tax sheltered plans:.

Virtually any investment you have can eventually help to fund your retirement, and that includes any stocks, bonds, mutual funds or other securities held in non-retirement investment accounts. This advantage is greater still if you own your home free and clear. There are two other advantages to home ownership.

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One is that it is a silent equity builder; you enjoy the benefit of living in it while appreciation and gradually paying down the mortgage increase your investment. We mostly think of a business as a means of earning an income during working years, but the impact on retirement can be substantial.

Plus, you can save a substantial amount for retirement with a full-time or side business. A successful business offers two possibilities for retirement. First, it can be sold for an immediate windfall, and second, it can be retained as a source of continued income during retirement years.

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This is probably the most neglected savings category when it comes to retirement planning, but if you have accumulated a large amount of liquid savings in the form of savings accounts, money market funds or other vehicles, it could have a favorable bearing on retirement. Liquid savings can be used to payoff debt, lowering the amount of income needed to be withdrawn from retirement accounts. Photo by Ken Teegardin via Flickr.

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What are Your Options for Tax-Advantaged Non-Retirement Savings and Investments? — My Personal Finance Journey

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