[Amnorix]

Originally Posted by Buehler445

If it is a traditional IRA, there isn't a lot of difference structurally. However, 401k contributions are made Pre-tax. This is a giant deal. Essentially, any money you put in a 401k reduces your taxable income. If you look at your paystub, it essentially, gross pay - 401 contributions = net taxable then they calculate withholdings.

Now, you can essentially do the same thing with a IRA, but it is done after the fact on your tax return and it is limited at $5,000. 401k limits are $14,000.

I'd keep it in the 401k unless you are hitting your limits.

You're a few years out of date I'm afraid. 2017 limit is 18,000.