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Although there are some key differences between IRAs and 401(k)s, either can be a valuable tool in helping you save for retirement.

Key Takeaways:

  • The two most common types of retirement accounts are Individual Retirement Accounts (IRAs) and 401(k)s.
  • Anyone with earned income can contribute to an IRA, while only employees with employer-sponsored accounts may invest in 401(k)s.
  • A key feature of IRAs is the chance to have greater control, while a key feature of 401(k)s is the potential to receive an employer match of contributed funds.
  • Your UBS Financial Advisor can help you make sure your retirement savings are on track.
  • Whether you use an IRA, 401(k) or both, the key is to start saving for retirement as soon as possible so that your contributions have more time to grow.

UBS Financial Services Inc. is in the business of establishing IRA accounts for clients and we get paid administrative fees such as account maintenance fees and also fees on investments in the account. For more information on how we get paid, please refer to our Understanding our Fees booklet available at ubs.com/understandingourfees, or ask your UBS Financial Advisor for a copy.

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UBS Financial Services Inc., its affiliates and its employees are not in the business of providing tax or legal advice. Clients should seek advice based on their particular circumstances from an independent tax or legal advisor. 

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