3 ms·
"They should just say, "hey, if you work, you can invest it tax-deductible and tax-deferred"." That's called an IRA.
by st3v3r 10y ago
"They should just say, "hey, if you work, you can invest it tax-deductible and tax-deferred"."
That's called an IRA.
- SilasX 10y agoExcept that, if your employer offers a 401k at all, you lose the tax deduction benefits (if income over 70k). And the contribution limits are much lower. http://www.fool.com/retirement/ira-vs-401k-which-is-better-for-you.aspx http://www.fool.com/retirement/ira-vs-401k-which-is-better-f...