Investing for retirement is an integral part of building your financial future. Whether that means saving up or investing through a 401(k) plan and/or Roth IRA account, investment strategies can change over our lifetime. You might find one is the best option to start your investing journey and the other more beneficial for your long-term plan.
NerdWallet investing writer Alana Benson breaks it all down in this video to help you make an informed decision and understand what comes next after deciding which plan best fits your needs.
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IRA vs. 401(k): How to Choose:
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Roth IRA vs. 401(k): How to Choose | NerdWallet
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LEARN MORE ABOUT: IRA Accounts
INVESTING IN A GOLD IRA: Gold IRA Account
INVESTING IN A SILVER IRA: Silver IRA Account
REVEALED: Best Gold Backed IRA
In todays living conditions who even has money to invest in both
How come you don't mention the ability to have more money invested in a 401k to grow and compound? E.g. a 10% return on pre tax $1,000 for someone in a 20% tax bracket is $100 for a total $1,100 while the after tax Roth is only $80 for a total of $880. That compounds over the years and is an advantage for the 401k.
Great video