When it comes to retirement savings, IRAs are a mixed bag. On the plus side, they generally come with a greater number of investment options than what you'll find in a 401(k) plan. For example, with IRAs, you can put money into individual stocks, whereas 401(k) plans don't typically let you do that. But getting to hand-pick stocks could mean assembling an investment portfolio that better aligns with your goals and risk tolerance, which is an important thing.

Another way IRAs differ from 401(k)s is that they come with lower annual contribution limits. So while you might struggle to max out a 401(k), you might have a much easier time hitting that annual limit on your IRA.

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Source Fool.com