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Is a 401(k) plan better than an IRA?
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A 401(k) plan can be a great way to save for retirement. It offers tax advantages, employer contributions, and the opportunity to build up your savings over time. An IRA, on the other hand, is typically more flexible in terms of how you invest your money and what types of accounts are available. However, it does not offer the same level of tax benefits as a 401(k). Ultimately, the decision between a 401(k) and IRA will depend on your individual needs and goals.