Feature 401(k) IRA Roth IRA Contribution limits (2025) $23,500 (under age 50), $31,000 (age 50-59, 64+), $34,750 (age 60 to 63) $7,000 to $8,000 (age 50+) -$7,000 to $8,000 (age 50+) Tax treatment of contributions Pre-tax (reduces taxable income for that year) Pre-tax (may reduce taxable income for that year) After-tax (no deduction) Tax treatment of withdrawals Taxed as ordinary income Taxed as ordinary income Tax-free if qualified Investment options Options determined by the employer Options determined by the broker you choose Options determined by the broker you choose Employer contribution matches Sometimes No No Eligibility requirements Must be 21 years old, Minimum of one year at your company You or your spouse must have taxable income Must have earned income, Income limits between…