<prompt> Human: What are the advtages of an IRA over a 401k? The general consense seems to be: 1 contribute to 401k up to employer match. 2 max out IRA contributations. 3 put the rest in your 401k. Why is this? Why not put all retirement savings in your 401k?  <response>: Generally, IRA offers better choice of funds to invest in. 