black people and money

Ask Dr Boyce: What’s the difference between a 401k and an IRA?

Ask Dr Boyce: What’s the difference between a 401k and an IRA?

In The Black Stock Market Program, I have quite a few students who are passing up the opportunity to participate in their company’s 401k plans.  This is a huge mistake.  For those who work the 9-to-5, the 401k is your best opportunity to take advantage of the benefits of investing.  However, if a 401k plan is not available to you, you can also open an IRA.

Both of these plans are great ways to invest and also allow your money to grow without the tax bills that might come with long-term wealth accumulation.

This video is one that I did for my students.  If you’d like to learn more, feel free to join us at TheBlackStockMarketProgram.com.

 

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