Demystifying Retirement Accounts: 401(k), IRA, and Roth IRA Explained
Retirement planning is a crucial aspect of financial independence. However, navigating the world of retirement accounts can be overwhelming for many individuals. In this article, we will demystify three popular retirement accounts: 401(k), IRA, and Roth IRA, explaining their features, benefits, and considerations. 1. 401(k) Plan: A 401(k) is an employer-sponsored retirement plan. It allows employees to contribute a portion of their salary to a retirement account, which is typically invested in ... Read more