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What is the Difference Between a 401k and an IRA?

What is the Difference Between a 401k and an IRA?

What is the difference between a 401k and IRA? Both 401ks and IRAs are tax-advantaged savings vehicles that are meant for retirement, but there are differences that exist. Most Americans enjoy the idea of delaying a tax bill from Uncle Sam and allowing their assets to compound. This is a powerful way to accumulate wealth long-term.

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