There's a benefit to saving for retirement in a workplace retirement plan. With an IRA, you have to remember to send money into that account on a regular basis. With a 401(k), your contributions are taken as payroll deductions automatically. All you need to do is sign up, and your employer will make sure that your retirement account is funded on a regular basis. That makes you more likely to stay on track with your savings efforts.

Many savers opt to build their nest eggs using a traditional 401(k). And the benefit there is getting a tax break on the money you put in.

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Source Fool.com