Karl Frank and Nathan Merrill discuss the key information you need to know about the Roth 401k. Learn why you may want to invest in one today.Expert Network team provides free consultations. Just mention that you
listened to the podcast. 

Nathan Merrill, attorney
Working with affluent families and entrepreneurs in implementing
tax-efficient strategies and wealth preservation
Goodspeed, Merrill
(720) 473-7644
nmerrill@goodspeedmerrill.com
www.goodspeedmerrill.com

Jeff Krommendyk, Insurance Expert
Working with business owners and successful families in transferring
risk
One Digital Insurance Agency
(303) 730-2327
jeff.krommendyk@onedigital.com

Karl Frank
Financial planner helping a small number of successful families grow and
protect their wealth and choose how they want to be taxed
CERTIFIED FINANCIAL PLANNER™
A&I Wealth Management
(303) 690.5070
karl@assetsandincome.com

 …(read more)

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Episode 10 of our financial podcast series focuses on Roth 401(k) accounts and why they may be a beneficial option for you to consider today.

Roth 401(k) accounts are a type of retirement savings account that combines features of both traditional 401(k) accounts and Roth IRAs. Unlike traditional 401(k) accounts, contributions to Roth 401(k) accounts are made with after-tax dollars. This means that while contributions to traditional 401(k) accounts are made with pre-tax dollars, contributions to Roth 401(k) accounts are made with money that has already been taxed.

One of the main advantages of Roth 401(k) accounts is that qualified withdrawals in retirement are tax-free. This means that when you withdraw money from your Roth 401(k) account in retirement, you do not have to pay any taxes on that money. This can be a huge benefit, especially if you expect to be in a higher tax bracket in retirement than you are currently in.

Another advantage of Roth 401(k) accounts is that there are no income limits on contributions, unlike Roth IRAs which have income limits that can restrict high-income earners from contributing. This means that no matter how much you earn, you can still contribute to a Roth 401(k) account and take advantage of tax-free withdrawals in retirement.

In the episode, we also discuss the concept of tax diversification in retirement planning. Having a mix of taxable, tax-deferred, and tax-free accounts can provide flexibility in retirement when it comes to managing your tax liability. By having a Roth 401(k) account alongside traditional retirement accounts, you can choose when to withdraw money from each account in order to minimize your tax burden in retirement.

Overall, Roth 401(k) accounts can be a valuable tool in your retirement planning strategy. They offer the advantage of tax-free withdrawals in retirement, no income limits on contributions, and the flexibility to manage your tax liability in retirement. If you are eligible to contribute to a Roth 401(k) account, it may be worth considering as part of your overall retirement savings plan.

Tune in to our podcast episode for more in-depth information and insights on Roth 401(k) accounts and how they can benefit you today.