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What is a Roth 401(k) and a Roth IRA?

Not all retirement accounts are the same. Employees are familiar with the traditional 401(k), an account that allows you to put away pretax dollars and have them grow on a tax-deferred basis but once you begin drawing down income in retirement, you will pay taxes on your withdrawals. However, there a two savings accounts that allow you to put away after-tax dollars and draw down income free of taxes in retirement. To find out more about these two accounts, click here…

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