401(k) vs IRA: What's the Difference?

Planning your retirement is essential for a secure future! In this video, we discuss the importance of saving early and outline the key features of 401(k) and IRA accounts. Learn the major differences between 401(k) and IRA, including pre-tax contributions, employer matches, and investment growth. Discover how contribution limits and tax benefits can impact your retirement savings. We also explain the advantages of traditional and Roth accounts, and why it’s crucial to maximize your contributions. Get insights on the flexibility of IRAs versus employer-sponsored 401(k) plans, and why seeking expert financial advice can make a difference.

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