In what way does a 401 (k) differ from an individual retirement account (IRA) ?

A 401 (k) is created through an individual's employer.

A 401 (k) can be created by individuals who deposit money.

A 401 (k) allows consumers to contribute before taxes.

A 401 (k) is a good long-term investment strategy.

Question

Aria Fitzpatrick

Social Studies

18 December, 23:07

In what way does a 401 (k) differ from an individual retirement account (IRA) ?

A 401 (k) is created through an individual's employer.

A 401 (k) can be created by individuals who deposit money.

A 401 (k) allows consumers to contribute before taxes.

A 401 (k) is a good long-term investment strategy.

+3

Answers (1)

Know the Answer?

Andrew Allen · Answer 1

The way in which a 401 (k) differ from an individual retirement account (IRA) is: A 401 (k) is created through an individual’s employer.

A 401k is a form of retirement saving plan that sponsored by an employer that allow an employee to cut off a little piece of their salaries and save it for their pension plan (which are not a subject to tax)

In what way does a 401 (k) differ from an individual retirement account (IRA) ?A 401 (k) is created through an individual's employer.A 401 (k) can be created by individuals who deposit money.A 401 (k) allows consumers to contribute before taxes.A 401 (k) is a good long-term investment strategy.