Deciding Between A Roth IRA vs. 401(k)? Read This First

The Roth IRA and 401(k) are two of the most popular retirement accounts. Choosing which strategy is best for your circumstance can be a tough decision.

KEEP READING! We compare the benefits of choosing a Roth IRA vs. 401(k) and help you decide

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BUT FIRST...

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DIFFERENCES

AND NOW

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Snatch the 401(k) Match

Early Withdrawal Rules

Annual Contribution Limits

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Deciding Between A Roth IRA vs. 401(k)? Read This First

The Roth IRA and 401(k) are two of the most popular retirement accounts. Choosing which strategy is best for your circumstance can be a tough decision.

KEEP READING! We compare the benefits of choosing a Roth IRA vs. 401(k) and help you decide

BUT FIRST...

What are the differences between Roth IRA and 401(k)?

DIFFERENCES

With a Roth IRA, the onus is on you to open the account (usually at a popular online brokerage company’s website) and then fund it.

DIFFERENCES

With a 401(k), contributions come directly from your paycheck through your employer’s payroll system.

AND NOW

which one is better for investment?

Snatch the 401(k) Match

It’s important to consider how employer matching contributions work within a 401(k) plan. Many firms have a matching policy; for example, 50% of the first 6% of contributions.

Early Withdrawal Rules

Here is a situation where a Roth IRA beats out the Roth 401(k): early withdrawals. Usually, pulling money out of your retirement comes with a penalty.

Annual Contribution Limits

A Roth IRA also has a lower annual contribution limit than a Roth 401(k).

SWIPE UP To get more details on WHERE TO INVEST YOUR HARD EARNED MONEY!

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