Roth IRA vs. 401k: Which Is Better?
Manage episode 357338815 series 3428540
So you've got some money to save for retirement... Where should you put it?
Would it be better for you to take a tax deduction right now by contributing to your 401k plan, or would paying the taxes now and socking it away in the Roth, with the potential to take it out tax free later on, be a wiser course of action? This is a common dilemma for many people.
What may be the better option for you? Find out from podcast host Johnny Dean and "Professor" Rick Plum, CFP® what you need to know in order to make that decision on this week's episode of Managing Your Financial Future!
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