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salantis [7]
1 year ago
6

Is a 401 K considered an individual retirement account?.

Business
1 answer:
Natasha_Volkova [10]1 year ago
5 0

No, 401(k) can not be considered as an individual retirement account.

The 401(k) differs from an individual retirement account ((RA) because A 401(k) is created through an individual's employer. Generally, 401(k)s as well as individual retirement accounts include beneficial tax advantages, But where we see a distinction is that the 401(k)s are designed for employers of labor to offer while individual retirement accounts are for Individuals as IRAS give more investment opportunities and 401(k)s gives a higher annual contribution.

To know more about Individual retirement account visit:

brainly.com/question/2084315

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Which of the following is NOT an advantage of human-centered design thinking?
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The correct option is;

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3 years ago
A Japanese investor can earn a 1 percent annual interest rate in Japan or about 4.1 percent per year in the United States. If th
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4 0
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