Roth IRA vs 401k — Time to understand
<p>The 401(k) plan is a retirement savings plan in the United States. It was introduced by the Employee Retirement Income Security Act of 1974 (ERISA). A 401(k) plan is an employer-sponsored retirement plan that allows employees to save for retirement on a tax-deferred basis. The plans are named after section 401(k) of the Internal Revenue Code, which defines rules regarding contributions and distribution of funds.</p>
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