Reported about 2 months ago
As a Certified Financial Planner®, I strongly favor individual retirement accounts (IRAs) over 401(k) plans for retirement savings. The key reason is the investment flexibility IRAs provide, allowing access to a wider range of investment options compared to the limited selections typically offered in a 401(k). Additionally, IRAs offer more flexible withdrawal options for specific expenses like first-time home purchases and education costs. While there are some drawbacks, such as lower contribution limits, the overall control and freedom in managing investments make IRAs a better choice for my retirement planning.
Source: YAHOO