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IRA vs 401(k): Which Account Is Right For You?


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While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

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*Chime Checking Account is required to be eligible for a Savings Account

1 Information from IRS’ ” IRA FAQs,” as of October 10, 2023: https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras

2 Information from IRS’ “401(k) Plan Overview,” as of October 20, 2023: https://www.irs.gov/retirement-plans/plan-sponsor/401k-plan-overview

3 Information from IRS’ “401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000” as of December 13, 2023: https://www.irs.gov/newsroom/401k-limit-increases-to-23000-for-2024-ira-limit-rises-to-7000

4 Information from IRS’ “Retirement Topics – Catch-Up Contributions,” as of October 10, 2023: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-catch-up-contributions

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