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Your Guide to Understanding Roth IRAs

Posted by ws-studio on Jul 7, 2022 12:00:00 AM

While almost half of millennials have a 401(k) account, only one in four have a Roth IRA. What’s the deal? Y’all must not understand the benefits of a Roth IRA when compared to other retirement accounts, right?

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Topics: Build Savings|Retirement|Taxes

Traditional 401(k) vs. Roth 401(k) Account

Posted by ws-studio on Jul 7, 2022 12:00:00 AM

How is a traditional 401(k) different from a Roth 401(k)? Most individuals are confused about the two, and that is fair. They sound quite similar and have multiple things in common, but they also have significant differences. Nowadays, Roth alternatives have become available to most people, with three out of four workplaces offering a Roth 401(k) option.

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Topics: Build Savings|Retirement|Taxes