Invest in a 401(K) or Roth IRA? They are extremely similar to one another. Yet the differences between them can be the difference between thousands or even millions of dollars waiting for you in the future.
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Outline:
Intro: 0:00
What is a 401(k)?: 0:42
What are the benefits of a 401(k)? 1:09
What are the downsides of a 401(k)?: 2:03
What is a Roth IRA?: 3:03
What are the benefits of a Roth IRA? 3:44
What are the downsides of a Roth IRA?: 4:48
Comparison of 401(K) and Roth IRA: 5:37
Is a 401(K) or Roth IRA best?: 7:23
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
