The Difference Between a Roth IRA and a 401(k)

What's Covered in this Article Side by Side ComparisonSimilaritiesYou Might Not Qualify for a 401(k)Employed? Here's What to Look forLimitations Side by Side Comparison An IRA (individual retirement account) is a kind of savings account that an individual can invest in for their retirement. A 401(k) is also a savings account, but one that workplaces often offer to help their employees save for retirement. Similarities The income invested and annual growth is untaxed for both investments, but both options…

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