Deciding between a Roth or Traditional 401k? This video will break down each type of account and help you answer your questions!
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Time codes:
00:00 – Intro
00:37 – What is a 401K?
01:20 – Similarities
02:41 – Differences
03:51 – 3 Things to consider
05:19 – Conclusion
05:25 – Outro
About:
In this video, Carlos Aguilo breaks down the key similarities and differences between a Roth and Traditional 401k. In the end, what makes one better than the other comes down to you and your financial situation.
This video is NOT sponsored in any way.
Disclaimer: This video does not constitute personal financial advice. I do not know your current financial situation and therefore, cannot give you personal financial advice. My content is for educational purposes only.
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As always a fantastic video 🙂
Carlos this is awesome. Very informative and very helpful. Thank you!!
Very informative! Much needed information, thank you Carlos!
If your employer only offers a traditional 401K you can also open a Roth IRA account to make your own contributions. This is is very helpful for those you are close to their yearly contributions or simply are not sure which 401k to choose.
This was very informative! Thank you! I look forward to watching more videos on personal finance.
Thanks for the video! Recent med school grad with lots of debt! Would love to see a video on paying off student loans!