how is a 401k different from an individual retirement account (ira)?\na 401k is a good long - term…

how is a 401k different from an individual retirement account (ira)?\na 401k is a good long - term investment strategy.\na 401k allows people to contribute before taxes.\na 401k is created by an individual who deposits money.\na 401k is created by an employer who may match contributions.

how is a 401k different from an individual retirement account (ira)?\na 401k is a good long - term investment strategy.\na 401k allows people to contribute before taxes.\na 401k is created by an individual who deposits money.\na 401k is created by an employer who may match contributions.

Answer

Brief Explanations:

A 401k is an employer - sponsored retirement plan where employers may match contributions. An IRA is set up by an individual. The key difference here is the sponsorship.

Answer:

D. A 401k is created by an employer who may match contributions.