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re: Is there any reason to have an IRA and a 401k?
Posted on 4/4/24 at 9:02 am to Bourre
Posted on 4/4/24 at 9:02 am to Bourre
quote:
I am worried about paying unnecessary fees and not taking advantage of compounding interest.
Compounding works the same whether you combine or keep separate accounts (assuming identical returns and fees)
There is a very common misconception that one large sum compounds faster than 2 smaller ones that equal the same total.
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