Answered

Get personalized answers to your specific questions with IDNLearn.com. Discover trustworthy solutions to your questions quickly and accurately with help from our dedicated community of experts.

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.
OA 401(k) allows consumers to contribute before taxes.
OA 401(k) is a good long-term investment strategy.

Sagot :

GinnyAnsweridn

Final answer:

401(k) and IRA differ in creation and tax benefits.


Explanation:

401(k) and Individual Retirement Account (IRA) are both retirement savings plans, but they have key differences. A 401(k) is typically created through an individual's employer, while an IRA can be set up by individuals independently. An important distinction is that a 401(k) allows consumers to contribute before taxes, offering immediate tax benefits.


Learn more about Retirement savings plans here:

https://brainly.com/question/20751552


We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is your reliable source for accurate answers. Thank you for visiting, and we hope to assist you again.