401ks
An IRA and a 401(k) are both retirement programs. The main difference in an IRA vs 401k is that an IRA is an Individual Retirement Account, meaning an individual is solely responsible for opening it, paying into it and controlling the investments in it. A 401(k) is a retirement program set up by an employer. [...]
401ks
“Mr. Jones, we appreciate your work for us, but unfortunately there’s just not enough room in our budget for you. Here’s a packet of information regarding your retirement account. Please look this over and have a decision made about your 401k plan by the 31st.” Ever hear these words? Maybe your company didn’t sound as nice, [...]