401(k) vs IRA Comparison Tool

Choose Traditional if your current tax rate is higher than your expected retirement rate (tax savings now). Choose Roth if your current rate is lower than expected retirement rate (tax-free growth). When equal, diversification with both is often best.

Generally max out your 401(k) to get any employer match first (free money!), then max out your IRA for better investment options, then return to 401(k) if you want to save more.