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February 22, 2025
Question

is a traditional ira the same as a workplace ira?

  • February 22, 2025
  • 1 reply
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    1 reply

    LindaS5247
    February 27, 2025

    No, a traditional IRA is something you would typically get on your own (not through employment) at a financial institution.

     

     ‌A workplace IRA or workplace 401(K) refers to an IRA or 401(K) plan that you participate in through your workplace.

     

    Both are retirement accounts with tax benefits to help people save more for their future. 


     

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