Is a 401K the same as a traditional IRA?
The answer to your question: Is a 401K the same as a traditional IRA is no.
A 401K is a type of employer pension plan. An IRA is an individual retirement account. Both plans provide income in retirement. However, each plan is administered under different rules.
Should you open an IRA? Learn more about the advantages of Roth IRAs and traditional IRAs with this helpful list from H&R Block.
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How much of your Social Security Disability Income (SSDI) is taxable? Find the answer from the tax experts at H&R Block.