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Differences between Roth and traditional 401(k)s
We all know that Roth 401(k) and traditional 401(k) are great retirement savings accounts, but which is right for you? Your choice could mean the difference between higher taxes now or in retirement. Yes, contributions to these accounts and any gains you earn grow tax-free, and both are eligible for employer-matching contributions. However, the difference between the two accounts is when you pay taxes to the IRS. Adam Shell explains the difference between Roth 401(k) and traditional 401(k). Read Mr. Shell’s article here…
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