Cons of Retirement Accounts

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Cons of Retirement Accounts – This is a place for the community to provide tips and advice on Cons of Retirement Accounts. This topic was created by Marc Ouwehand and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - 401(k)s vs. IRAs: What are the Pros and Cons?

Published: 9 years, 3 month(s) ago | Submitted by Linda Rohrer | permalink

Maybe you've heard that a 401(k) is better than an IRA, or vise versa. The truth is that each account has its pros and cons, which we outline here.

For further reading: http://www.doughroller.net/investing/401ks-vs-iras-what-are-the-pros-and-cons/ ^[1]

Tip 2 - 7 Pros and Cons of Investing in a 401k Retirement Plan at Work

Published: 9 years, 3 month(s) ago | Submitted by Raya Altagar | permalink

For further reading: http://www.quickanddirtytips.com/money-finance/retirement/7-pros-and-cons-of-investing-in-a-401k-retirement-plan-at-work ^[2]

Tip 3 - What Are the Pros & Cons of Annuities and Retirement Plans?

Published: 9 years, 3 month(s) ago | Submitted by Joel Allen | permalink

Annuities and retirement plans come in various forms, and they have some stark differences. Among them: Annuities are issued by life insurance firms, but retirement plans, such as 401(k) plans, are ...

For further reading: http://finance.zacks.com/pros-cons-annuities-retirement-plans-6245.html ^[3]

Tip 4 - Pros and Cons of an IRA

Published: 9 years, 3 month(s) ago | Submitted by Rachelle Goering | permalink

If you have to save for your own retirement, an IRA is probably one of the first things you should look into. While IRAs can be complicated, you can accomplish a lot if you just understand some basic concepts. We'll cover some of the basic IRA material that you need to know, and you can work your way toward your retirement goals.

For further reading: http://banking.about.com/od/investments/a/ira.htm ^[4]