Why you should have an IRA and 401(k)

In this article the author talks about having both a 401(k) through your employer and an IRA. I agree that both have their advantages and their disadvantages but you should be taking advantage of both. Maximize your employer’s match in your 401k and then take advantage of the compounding interest in an IRA as well. Don’t put all your eggs in one basket while saving 10-20% of your income to retire the way you want


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