Ever wonder what the differences between a 401k, Roth 401k, IRA, and Roth IRA are? Roth requires you to pay tax up front whereas 401k and IRA requires you to pay tax when you take the money out much later. That advantages of a Roth 401k or Roth IRA is that the money that gains from compounding is not taxed. In a 401k however, you get to put in a larger sum that can help in compounding but you have to pay taxes when you take it out. Your tax bracket when you retire as compared to when you put the money in matters a lot in which one you should lean towards. Its of course still good to have options later on so having both with different weights is a great idea.

► More resources at my Patreon: [ Ссылка ]
► My honest reviews on Amazon: [ Ссылка ]
► Mint Mobile, as low as $15/month: [ Ссылка ]
► Moomoo, up to 17 FREE stocks: [ Ссылка ]
► Webull, up to 12 FREE fractional shares: [ Ссылка ]
► Get $30 when you spend $30: [ Ссылка ]
► FREE Audible Audio Book: [ Ссылка ]
► Build Credit w/ NO Credit by Self-Lending: [ Ссылка ]
► BeatTheBush Honey Badger T-shirt: [ Ссылка ]

Other BeatTheBush Channels:
[ Ссылка ]
[ Ссылка ]

свернуть