401(k) alternative, for short Crossword Clue

Hello everyone!
The clue for your today's crossword puzzle is: "401(k) alternative, for short" ,published by New York Times. Please check our best answer below:

Understanding Today's Crossword Puzzle

Today's clue "401(k) alternative, for short" corresponds to the answer "IRA" for several reasons:

• Retirement Account Types: Both 401(k) plans and Individual Retirement Accounts (IRAs) are common retirement savings vehicles.
• Tax Advantages: Just like a 401(k), an IRA offers tax benefits by allowing individuals to save for retirement with either tax-deferred or tax-free growth.
• Investment Options: IRAs provide a wide range of investment choices, similar to 401(k) plans, giving individuals control over how their retirement funds are invested.
• Portability: IRAs offer portability, allowing individuals to rollover funds from a 401(k) into an IRA when changing jobs or to manage their retirement savings more efficiently.

Therefore, the answer "IRA" aligns perfectly with the clue "401(k) alternative, for short" in today's crossword puzzle.

Definition of "IRA"

(in the US) Individual Retirement Account.

 The Crossword clue "401(k) alternative, for short" published 7 time/s & has 1 answer/s. 

Crossword	Date	Answer
New York Times	26 February 2024	IRA
L.A. Times Daily	10 January 2018	IRA
The Washington Post	10 January 2018	IRA