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Which is Better: an IRA or a 401K? Entreprenuer Network partner Mark Kohler breaks down the pros and cons of a 401K and IRA.

By Mark J. Kohler

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Opinions expressed by Entrepreneur contributors are their own.

Entrepreneur Network partner Mark Kohler is often asked about 401Ks and IRAs. Specifically, he's asked which is better.

The answer is more complex and less satisfying than you'd hope, but about what you should expect: They both have their advantages and disadvantages. For example, if you want to put away a lot of money, then a 401K might be better. If you're looking to make a smaller investment, though, then you might want an IRA.

Click play to watch Kohler break down all the pros and cons for both options.

Watch more videos from Mark J. Kohler on his YouTube channel.

Related: How to Protect Your Assets in Every Situation

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Mark J. Kohler

Entrepreneur Leadership Network® VIP

Author, Attorney and CPA

Mark Kohler, M.PR.A., C.P.A., J.D., is a highly respected Founding and Senior Partner at KKOS Lawyers, specializing in tax, legal, wealth, estate, and asset protection planning. With a reputation as a YouTube personality, best-selling author, and national speaker, Kohler is dedicated to guiding clients through complex legal and financial landscapes to achieve their American Dream. He also serves as the co-founder and Board Member of the Directed IRA Trust Company and has launched the Main Street Certified Tax Advisor Program to train CPAs and Enrolled Agents nationwide. As the co-host of The Main Street Business Podcast and The Directed IRA Podcast, he simplifies intricate topics like legal and tax strategy, asset protection, retirement, investing, and wealth growth. Mark Kohler's commitment to helping entrepreneurs and small business owners attain success and financial security has made him a trusted expert in the field, benefiting countless individuals and businesses in navigating the financial and business world with confidence.

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