401K Plan Vs IRA

401K Plan Vs IRA

The two main types of plans through which it is possible to prepare financially for retirement are defined contribution plans and defined benefit plans. A 401k is an example of the former, while a traditional pension plan is an example of the latter. Each type offers different advantages and disadvantages. It is important to understand these in order to get the most out of your retirement plan or pension.

Dejar respuesta

Please enter your comment!
Please enter your name here