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No. of Recommendations: 1
Much rather take my chances with defined contribution pension plan (ie 401k). Once I reached age 55, I started rolling over funds from 401k into an IRA. This has given me the flexibility to manage my investment strategy.

401K assets are not assets of the company. If the company goes bankrupt, the 401K assets are not at risk.

IRA does give you more flexibility to manage based on your investment strategy.
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