In this video, Tom answers some frequently asked questions about a 401(k) plan, including what a 401(k) really is and how to optimize your 401(k)….(read more)
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I agree with other comments you completely ignored Roth 401k which is huge amount you can save since Roth IRA has a small max a year. You can even get crazy if you look into the mega backdoor Roth. Thought this was nuts you never discussed that. You also didn’t mention anything on 401k protection from legal litigation against you which no one wants but it’s nice to know it has more protection.
Some 401k plans have a Roth option. 401k plans can also have higher contribution limits than IRAs, allowing you to get more funds into a Roth than an IRA does.