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20 January, 03:42

What do 401 (k) plans and IRAs have in common?

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  1. 20 January, 05:31
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    A 401 (k), as well as a 403 (b) and 457, is a qualified employer-sponsored retirement plan. If your employer does not offer a 401 (k) or other sponsored plan, you should probably just begin saving in a Roth IRA or traditional IRA ... You will pay taxes on it when you withdraw it during retirement.
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