IRA vs. 401(k) - Which Is Better?

There are many ways to save for retirement.  Two of the most popular are the 401(k) and the IRA. Both are savings vehicles, but both have different attributes that may make one of them better for you. 

There are advantages and disadvantages to both.  Do you need a tax break now? Are you able to deduct contributions to an IRA? Does your company have a match on any of your 401(k) contributions? These are important questions that you need to consider.

Learn more about what should factor into your decision with podcast host Johnny Dean and Rick "The Professor" Plum, CFP® on today's episode of Managing Your Financial Future!