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?
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