Choosing between a 401(k) and an Indexed Universal Life (IUL) insurance policy depends on your financial goals. A 401(k) is designed for retirement savings with pre-tax contributions, tax-deferred growth, and potential employer matching. It focuses on long-term investment with withdrawal restrictions before retirement age. In contrast, an IUL combines life insurance with investment, offering tax-free withdrawals, cash value growth linked to market indexes, and flexible premiums. While a 401(k) is straightforward and retirement-focused, an IUL provides additional benefits like life insurance and more liquidity. Assess your retirement needs, risk tolerance, and desire for insurance coverage to decide
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