<human>:  What’s the difference between a 401K and an IRA?
<bot>: The main difference between a 401K and an IRA is that 401K plans are generally offered by employers, while IRAs are typically opened by individuals and are funded with personal income. 401K plans might have matching contributions from employers, while IRAs generally do not. 401Ks also typically have larger contribution limits than IRAs. There are other variations between the two accounts including tax advantages and types of investments offered.