Roth IRA vs. 401(k)
Dec 19th, 2007 by Nut
Here is a good article discussing and debating the advantages and differences of a 401(k) retirement account and a Roth IRA.
I have both of these accounts but I am more into my Roth since I run it myself through Scottrade and it marked one of the first “big” things I did after becoming a financially-aware person.
So what does the article think is best? Both. That’s why it’s such a good article: any responsible person who wants to set him or herself up for a good retirement needs to have both of these so that when retirement comes they will have a variety of flexible options to withdraw their money.
One interesting angle that the article covers that I hadn’t read about before is the uncertainty of what taxes will be like in the future and how that will affect each type of account. For that reason alone it’s worth the read.
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The Wire, Season 3
[...] good indicator that I’m pretty good at this. I could blab all day long about how I handle my Roth IRA or my employer-sponsored 401(k). Oh and by the way, I’m 26 years old. But don’t put me [...]