While a 401K and an IRA are both retirement accounts, there is one main difference that separates them.
That difference is that a 401K is offered by an employer while a IRA is set up on your own. This is a difference that can confuse a lot of people but you can end up saving a lot more money if you choose the right account at the right time.
I general if your employer offers a 401K match, TAKE IT, and maybe also have a Roth IRA for yourself.
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