{"id":4522,"date":"2023-02-01T16:29:47","date_gmt":"2023-02-01T16:29:47","guid":{"rendered":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/?p=4522"},"modified":"2024-08-27T05:31:05","modified_gmt":"2024-08-27T05:31:05","slug":"401k-vs-ira","status":"publish","type":"post","link":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/401k-vs-ira","title":{"rendered":"Should you have a traditional 401(k), an IRA, or both?"},"content":{"rendered":"<div class=\"main-content\" data-grid=\"col-12\">\n<p class=\"c-paragraph-3\">Retirement is a milestone many of us expect to reach eventually, but do you have an actual plan to do so? One of your first steps is to decide where to put your savings.  Learn the differences and pros and cons of 401(k)s and IRAs, the most common retirement savings plans<\/p>\n<\/p><\/div>\n<div class=\"full-bleed-image\">\n        <picture class=\"c-image\"><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2023\/02\/096-Should-you-have-a-401k-an-IRA-or-both-1600x600-1.jpg\" media=\"(min-width:767px) and (max-width:1600px)\" \/><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2023\/02\/096-Should-you-have-a-401k-an-IRA-or-both-1600x600-1.jpg\" media=\"(min-width:540px) and (max-width:767px)\" \/><img decoding=\"async\" src=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2023\/02\/096-Should-you-have-a-401k-an-IRA-or-both-1600x600-1.jpg\" srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2023\/02\/096-Should-you-have-a-401k-an-IRA-or-both-1600x600-1.jpg\" alt=\"\" \/>\n    <\/picture>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Learn how a traditional 401(k) or IRA can help you save for retirement, and how to decide which one\u2019s right for you.<\/p>\n","protected":false},"author":1,"featured_media":4520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[28],"class_list":["post-4522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budgeting","tag-budgeting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Should you have a traditional 401(k), an IRA, or both? \u2013 Microsoft 365<\/title>\n<meta name=\"description\" content=\"Saving for retirement usually involves a regular 401(k) or an IRA. Learn how to vet the pros and cons of each to determine which one is right for you.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Should you have a traditional 401(k), an IRA, or both? \u2013 Microsoft 365\" \/>\n<meta name=\"twitter:description\" content=\"Saving for retirement usually involves a regular 401(k) or an IRA. Learn how to vet the pros and cons of each to determine which one is right for you.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/m365contenthub.wpengine.com\/wp-content\/uploads\/2023\/02\/096-Should-you-have-a-401k-an-IRA-or-both-800x550-1.jpg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Should you have a traditional 401(k), an IRA, or both? \u2013 Microsoft 365","description":"Saving for retirement usually involves a regular 401(k) or an IRA. 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Learn how to vet the pros and cons of each to determine which one is right for you.","twitter_image":"https:\/\/m365contenthub.wpengine.com\/wp-content\/uploads\/2023\/02\/096-Should-you-have-a-401k-an-IRA-or-both-800x550-1.jpg","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/401k-vs-ira","url":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/401k-vs-ira","name":"Should you have a traditional 401(k), an IRA, or both? \u2013 Microsoft 365","isPartOf":{"@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#website"},"datePublished":"2023-02-01T16:29:47+00:00","dateModified":"2024-08-27T05:31:05+00:00","author":{"@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#\/schema\/person\/55ca651b2ccce6c95ad8d20feac4e8fd"},"description":"Saving for retirement usually involves a regular 401(k) or an IRA. 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