This is a comparison between
401(k)
In the United States, a 401(k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401(k) of the U.S. Internal Revenue Code. Periodical employee contributions come directly out of their ...
,
Roth 401(k)
The Roth 401(k) is a type of retirement savings plan. It was authorized by the United States Congress under the Internal Revenue Code, section 402A, and represents a unique combination of features of the Roth IRA and a traditional 401(k) plan. Sinc ...
, and
Traditional Individual Retirement Account and
Roth Individual Retirement Account accounts, four different types of retirement savings vehicles that are common in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
.
Comparison
See also
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Retirement plans in the United States
A retirement plan is a financial arrangement designed to replace employment income upon retirement. These plans may be set up by employers, insurance companies, trade unions, the government, or other institutions. Congress has expressed a desire t ...
*
Individual retirement account
An individual retirement account (IRA) in the United States is a form of pension provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's ear ...
References
External links
Roth vs. Traditional IRA Calculator. ''BankSite.com''. The Forms Group.
. ''TheUsefulInfo.com''.
*Thomas, Kaye A.
. ''Tax Guide for Investors''. Fairmark Press Inc.
401(k) Plans: FAQs. ''Retirement Dictionary''. Appleby Retirement Consulting Inc.
{{DEFAULTSORT:401(K) Ira Matrix
Individual retirement accounts