Households have a much larger fraction of their savings in pension funds than in bank deposits. If
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Households have a much larger fraction of their savings in pension funds than in bank deposits. If you are saving for retirement, why might you be better off putting your funds in an IRA or a 401(k) account than in a bank account? In your answer, be sure to explain what IRAs and 401(k) accounts are.
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An IRA is an individual retirement account and a 401k is a retirement s...View the full answer
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Ankur Gupta
I have a degree in finance from a well-renowned university and I have been working in the financial industry for over 10 years now. I have a lot of experience in financial management, and I have been teaching financial management courses at the university level for the past 5 years. I am extremely passionate about helping students learn and understand financial management, and I firmly believe that I have the necessary skills and knowledge to effectively tutor students in this subject.
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Related Book For 
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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