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I opt in to contribute to my 401 k and roth 401 k election, are these selections the same as "traditional IRA, Traditional Roth IRA"?

 
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I opt in to contribute to my 401 k and roth 401 k election, are these selections the same as "traditional IRA, Traditional Roth IRA"?

No, a 401k and ROTH401k are deferred compensation plans through your employer whereas IRAs are Individual accounts not associated with your employer.

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I opt in to contribute to my 401 k and roth 401 k election, are these selections the same as "traditional IRA, Traditional Roth IRA"?

No, a 401k and ROTH401k are deferred compensation plans through your employer whereas IRAs are Individual accounts not associated with your employer.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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