It is always possible to open an individual retirement account (IRA)
if your employer does not offer a 401k plan.
The downside of an IRA is that employers do not match contributions.
As a result of the stricter limits on IRA contributions,
these accounts are not as popular.
In comparison, the maximum contribution for 401ks is $19,500,
While the maximum IRA contribution is $6,000 for individuals under 50.
It should be noted, however, that IRAs offer some advantages over 401ks,
including a broader range of investment choices.
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