In what way does a 401 (k) differ from an individual retirement account (IRA) ?

A 401 (k) is created through an individual's employer.

A 401 (k) can be created by individuals who deposit money.

A 401 (k) allows consumers to contribute before taxes.

A 401 (k) is a good long-term investment strategy.

Question

Social Studies

Tristin Mccarthy

27 October, 19:24

In what way does a 401 (k) differ from an individual retirement account (IRA) ?

A 401 (k) is created through an individual's employer.

A 401 (k) can be created by individuals who deposit money.

A 401 (k) allows consumers to contribute before taxes.

A 401 (k) is a good long-term investment strategy.

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Answers (1)

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Lyric Waller · Answer 1

The way in which a 401 (k) differ from an individual retirement account (IRA) is: A 401 (k) is created through an individual’s employer.

A 401k is a form of retirement saving plan that sponsored by an employer that allow an employee to cut off a little piece of their salaries and save it for their pension plan (which are not a subject to tax)

In what way does a 401 (k) differ from an individual retirement account (IRA) ?A 401 (k) is created through an individual's employer.A 401 (k) can be created by individuals who deposit money.A 401 (k) allows consumers to contribute before taxes.A 401 (k) is a good long-term investment strategy.