December 29, 2018 Altelisha Taylor Finance, Investing, Save More Money, Strategies to Lower Taxes, Resources to Build Wealth The basics: What are IRA’s and 401K’s? December 29, 2018 Altelisha Taylor Finance, Investing, Save More Money, Strategies to Lower Taxes, Resources to Build Wealth IRAs and 401Ks are types of accounts we use to save for retirement. A 401K is a retirement account offered through your employer and an IRA is a retirement account you can open up on your own (without being employed).