The most frequent accounts that come to mind when considering retirement savings are commonly a 401(k) or an IRA. However, depending on your investment strategy, you may prefer one over the other — or a mix of both.
When looking at a retirement plan option, it’s essential to assess how much you may contribute each year, how your contributions are taxed, and when you can withdraw funds without incurring a penalty.
[Read more…] about IRA vs. 401k: Comparison, Explanation & Which to Choose