A Roth 401k and a Roth IRA are essentially the same when it comes to taxes. Contributions going in do not get a tax deduction. Both grow tax deferred. Both are tax free when you make qualified distributions (you gotta follow the rules). So from a tax standpoint, the same. BUT that's where the similarities stop!
There are income limitations to consider. There are contribution limits to consider. There are investment options to consider. There are fees to consider.
In this video I will be discussing some tips and strategies in when to think about when contributing to the Roth 401k or the Roth IRA.
(by the way you can do both, if you meet the income limitations)
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