Different retirement accounts serve different purposes – understand the rules to maximize your savings.
Traditional 401(k)s provide current tax deductions – but are taxed in retirement.
Roth accounts use after-tax money but provide tax-free growth.
Consider your current versus expected retirement tax bracket.
Always prioritize employer matching first, regardless of account type.
IRA vs. Roth IRA Basics – What’s the Difference & 3 Questions About Both