Skip to main content

Posts

Showing posts with the label 2021401kvsroth401k

Comparing Roth 401k and Traditional 401k // Understanding the Roth 401k Option

Roth 401k vs 401k // Roth 401k Explained. There are NO INCOME LIMITS for Roth 401k contributions! With over 70% of employer sponsored 401(k) plans now offerring the Roth 401k provision it is becoming a more and more popular and common employer retirement account to contribute to. In this video I explain how the Roth 401k works and we compare your options of the Roth 401k vs 401k. With taxes being at historically low levels, it may make sense in your situation to forego the pre-tax 401k deduction, pay the taxes now, and let your Roth 401(k) contributions grow tax-free. My wife and I contribute 100% of our contributions into our Roth 401(k) and the employer match is placed into the pre-tax / Traditional 401k (which grows tax deferred). If you're not sure which one to contribute to....this video is for you! WhiteCoat Investor Article: Investment Calculator: ————— Call if you WANT TO ASK ME A QUESTION... ➡️ ————— MY WEBSITE 👨‍💻 ...