<human>: What are the benefits of a 401(k) versus a IRA?
<bot>: The primary benefit of a 401(k) is that it allows you to save for retirement before taxes are taken out. With an IRA, your contributions are taxed when you make them and withdrawals in retirement are taxed as well. Another advantage of a 401(k) is that there may be employer match contributions which can significantly increase your savings potential. Additionally, 401(k)s often have higher contribution limits than IRAs. Finally, 401(k)s typically offer more investment options than traditional IRAs.