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Is a 401k plan better than a IRA?
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It depends on your individual financial situation. A 401(k) plan may be a good choice if you are looking for more tax advantages, such as the ability to contribute pre-tax money and potentially deduct contributions from your taxable income. An IRA is generally simpler to set up and manage, but it does not offer any additional tax benefits. Ultimately, it’s important to consider all of your options before making a decision.