Video How are you saving for retirement?
Using the right account(s) can help you meet your retirement goals
Although there are some key differences between IRAs and 401(k)s, either can be a valuable tool in helping you save for retirement.
Key Takeaways:
The two most common types of retirement accounts are Individual Retirement Accounts (IRAs) and 401(k)s.
Anyone with earned income can contribute to an IRA, while only employees with employer-sponsored accounts may invest in 401(k)s.
A key feature of IRAs is the chance to have greater control, while a key feature of 401(k)s is the potential to receive an employer match of contributed funds.
Your UBS Financial Advisor can help you make sure your retirement savings are on track.
Whether you use an IRA, 401(k) or both, the key is to start saving for retirement as soon as possible so that your contributions have more time to grow.