IRA vs. 401(k): Retirement Plan Differences

By Amber Deter If you’re looking at retiring in the future, you’ve probably heard of an IRA and a 401(k). But what’s the difference between these two retirement-saving plans? The bottom-line answer: one is employer sponsored and one you can open with almost any provider.
Before you read any further, it’s important to know you can have both. There is no rule that says you can’t have both an IRA and a 401(k). But knowing the differences between the two can help you decide the best way to reach your retirement goals.
What Are the Different Retirement Plans?
In this article we will be talking about …read more

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