Can you explain for me the difference between a 401k and an IRA?
I’m no accountant (as the CPA reminded me .. hahaha) but basically IRAs are retirement plans you open as an individual with a brokerage or other entity while 401ks (and 403b) are managed through your employer, and may be eligible for matching funds from the employer and other benefits.
There are other differences such as max allowed $$ contributions per year for each plan, whether loans are allowed, etc. At this point an expert should chime in.
It is my understanding that if YOU have an IRA, YOU own it. It’s individual. 401(k)s are through corporations.
IIRC, it’s the 401(k)s 0bama, the Democrats & feds have discussed ‘bailing out’ or ‘appropriating’ or some such nonsense. That represents a whale of a lot of $$. And Soros has gone in nearly all gold & commodities.
They want the money, or, to have us spend every last cent we have.
It’s interesting that 0baSoroXerxes think they will be able to hold the reins with their Bilderberg buddies.
They won’t.
IRA is for individuals. 401k is company-sponsored. Do I win a prize? LOL