17 min listen
Financial Myth #4: A Traditional 401(k) is Better Than a Roth 401(k) When Saving for Retirement
Financial Myth #4: A Traditional 401(k) is Better Than a Roth 401(k) When Saving for Retirement
ratings:
Length:
12 minutes
Released:
Jan 7, 2020
Format:
Podcast episode
Description
When you contribute to retirement accounts, you typically have two options: Contribute pre-tax dollars today, pay taxes in retirement when you withdraw (Traditional 401k/IRA) Contribute after-tax dollars today, withdraw tax-free in retirement (Roth 401k/IRA) Ask 100 people and 99 of them will likely choose option one. A tax deduction certainly sounds better than no tax deduction. I get it. I love tax deductions. But I think the Roth 401(k) is actually the right decision for most retirement investors. Tune in to today's episode to learn why! For all the links and resources mentioned in this episode, visit www.youstaywealthy.com/60 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services
Released:
Jan 7, 2020
Format:
Podcast episode
Titles in the series (100)
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