401k or IRA - which one should you use?

You have access to a 401k through work. Your employer even matches some of your contributions. Though, a few friends have mentioned a (back door) Roth IRA and its benefits, which sounds enticing. You ask yourself, what are the advantages of each and how do I know which is right for me? Continue reading to learn more about each type of account and the main items to consider when deciding which to use. Surprise, you can (and in most cases should) do both!