human
What is the difference between an IRA and a 401k?
assistant
The main difference between an IRA and a 401k is that an IRA offers more flexibility than a 401k in terms of investment options. With an IRA, you can choose from a wide range of investments such as stocks, bonds, mutual funds, ETFs, and annuities. In addition, you have more control over how your contributions are invested, whereas with a 401k, your employer typically makes those decisions for you.