Author Topic: Which one is best?  (Read 4963 times)

Offline BillionSports

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Which one is best?
« on: October 30, 2013, 12:54:28 AM »
I want to make sure I retire well with luxury in life. Which one should I choose for my retirement plan - IRA or 401k?
« Last Edit: October 30, 2013, 12:54:28 AM by Guest »
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Offline CompathyCompany

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Re: Which one is best?
« Reply #1 on: November 01, 2013, 08:52:56 PM »
I think 401k retirement plan is better compared to IRA. It has higher allowances for tax-deferred savings; also my employer may offer similar contributions to my 401k plan. Another benefit is that you can normally borrow money from your 401k plan without fine as long as you pay it back while in IRA, you can't borrow any amount of money.
« Last Edit: November 01, 2013, 08:52:56 PM by Guest »
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