Usually, military spending tends to <em>slow economic growth</em> since it discourages private investment which at the same time causes employment rates to drop. According to different researches, it is said that only a 1% increase in military spending could lead to up to 9% of economic growth decrease.
The main benefit that a 401(K) provides for a person over an IRA is that of e. <u>Employer's contribution. </u>
<h3>What separates an IRA from a 401(K)?</h3>
An Individual Retirement Account (IRA) by definition is a pension investment vehicle that is funded by the person who uses it to save for their retirement.
401(K)s on the other hand, have the benefit of being contributed to by employers. This allows for higher amounts to be invested, and lower amounts to be used for investing by the person who owns the 401(K).
