https://padlet.com/05zjahangir/wz3q0mkpokr6rfik en-us 2021-04-20 11:58:10 UTC 2021-04-20 15:58:34 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/1003637175/216597804c035e451061d0907cd7573c/_N9A3785.jpg 05zjahangir https://padlet.com/05zjahangir/wz3q0mkpokr6rfik/wish/1438014146 -  A 401k is money you put into a savings account 
- The money comes directly out of your account 
- Sometimes for example when you put $50 your employer will also put $50 this is called employee matching ]]> 2021-04-20 14:08:34 UTC https://padlet.com/05zjahangir/wz3q0mkpokr6rfik/wish/1438014146 05zjahangir https://padlet.com/05zjahangir/wz3q0mkpokr6rfik/wish/1438036652 P R O -->
- Employee matching 
- Reduce current tax income
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- Higher account fees
- Pay fees on early withdrawals ]]> 2021-04-20 14:12:32 UTC https://padlet.com/05zjahangir/wz3q0mkpokr6rfik/wish/1438036652 05zjahangir https://padlet.com/05zjahangir/wz3q0mkpokr6rfik/wish/1438064433 - an individual retirement account 
- not taxed upon ]]> 2021-04-20 14:17:29 UTC https://padlet.com/05zjahangir/wz3q0mkpokr6rfik/wish/1438064433 05zjahangir https://padlet.com/05zjahangir/wz3q0mkpokr6rfik/wish/1438569401 P R O -->
- Contributions post tax
- Tax free
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- Maximum contribution is low 
- You can withdraw contributions]]> 2021-04-20 15:50:10 UTC https://padlet.com/05zjahangir/wz3q0mkpokr6rfik/wish/1438569401 05zjahangir https://padlet.com/05zjahangir/wz3q0mkpokr6rfik/wish/1438595182 - If I could choose either a 401k account with my employer, or a Roth Ira, i'm not sure what I would choose 
- The reason for this is that with a 401k obviously you can't touch the money until a certain period of time and that's good for me because when it comes to money I definitely have holes in my palm. Money just never stays with me long
- But I feel like a Roth Ira is a better choice because what if you have some kind of emergency you can easily take out the money.]]> 2021-04-20 15:54:53 UTC https://padlet.com/05zjahangir/wz3q0mkpokr6rfik/wish/1438595182