What is the biggest difference in who controls the 401(k) and IRA retirement plans?
A
IRA is intended for a stable retirement income, while a 401(k) is reserved for emergencies or luxuries.B
401(k) is a good last minute investment for retirement, while IRAs require years of investing.C
IRAs allow one to save a lot more money towards retirement than a 401(k).D
A 401(k) is controlled and monitored by an employer, and an IRA is controlled by the investing individual.