Roth 401k Explained

How to use the Roth 401(k) to help you save for retirement and reduce your taxes. Using the Roth 401(k) works very similarly to the Roth IRA but it's an employer-sponsored plan and it has the contribution limits of the traditional 401(k).

The balance between the Roth 401(k) and the traditional 401(k) are similar to the IRAs. Using both can help reduce your taxes today and tomorrow. The Roth 401(k) can help you reduce your taxes in retirement and enhance the amount you can live on. The Roth 401k is also a great way to invest for growth since the growth isn't taxable when you pull it out in retirement.

#roth401k #401k #retirement

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