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.
If you are selling items at a farmer's market, learn how to file your taxes with H&R Block. From cash income to bartering, these tax tips will help.