Does a 401k/403b or traditional ira work better?

Answer On One Hand: Traditional IRAsTraditional IRAs allow you to more control over your investments. The only investments prohibited by the Internal Revenue Service are collectible items. With a 401k or ... Read More »

Top Q&A For: Does a 401k/403b or traditional ira work better

How much can you contribute to a 401k plan at work?

The maximum amount you can contribute to your 401k plan at work adjusts each year to account for inflation. For 2010, you can contribute as much as $16,500. If you are 50 or older, you can contribu... Read More »

Can I deduct a contribution to an IRA if I have a 401k at work?

You may be able to deduct a contribution to a traditional IRA if you have a 401k plan at work if your modified adjusted gross income falls below the annual limits. These limits change each year wit... Read More »

What Taxes Are Exempt When You Have a 401K at Work?

Contributions you make to a 401(k) retirement plan are tax free. More specifically, they're income tax free: If you contribute $5,000 out of your paycheck to the account, there's no withholding on ... Read More »

What does vested mean in a 401k?

The term "vested" in a 401k refers to the amount of the employer contribution to an employee's retirement account that the employee is entitled to keep. An employee is not entitled to the employer'... Read More »