In this video I want to discuss a Roth IRA vs 401k, which is better for your retirement savings and retirement investments, and how you can grow your retirement investments and retirement savings in both the Roth IRA and 401k. At the end of the video, I am going to compare the Roth IRA vs 401k side by side to give you the information you need to make the best decision for your retirement investing.
Roth IRA Explained:
1. Investing with After Tax Money
2. Retirement Investments grow Tax Free
3. Access to Roth IRA Contributions Any Time
4. Roth IRA Contribution Limits $6,000/$7,000
5. No Required Minimum Distribution
6. Income Limits for Roth IRA Contributions
401k Explained:
1. Investing in 401k with Pre-Tax Money
2. 401k Offered at Job/Work
3. 401k Contributions and Investments Grow Tax Deferred
4. 401k Contributions Are Tax Deductible
5. 401k Distributions Taxed As Ordinary Income
6. Required Minimum Distribution Starting at 72
7. 401k Contribution Limits
8. 401k has Fewer Retirement Investment Options
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