Answers from Top Financial Advisors

Can you explain the difference between a Roth 401k and a Roth IRA and what someone should consider when deciding between the two as a primary retirement tool?
Gina C. Wells, CLU®, ChFC® Level 13
Hi Jenna from Boston, You have some great answers here. Sometimes I'm torn to answer questions because it truly is what I refer to as sound bite financial planning. If you have the opportunity to sit down with an advisor ...(more)
32 mins ago
Can you explain the difference between a Roth 401k and a Roth IRA and what someone should consider when deciding between the two as a primary retirement tool?
Michael Steven Greenberg, CFP® Level 19
Jenna, the most you can put in an individual Roth is $5500 per year. On an individual Roth, there is an income limit of $112,000 for individuals and $178,000 for couples filing jointly. You could have greater investment ...(more)
48 mins ago
Can you explain the difference between a Roth 401k and a Roth IRA and what someone should consider when deciding between the two as a primary retirement tool?
Alan B. Ungar CFP® MBA Level 5
The main difference between the two is how much can be contributed to each. That maximum you can contribute to a Roth 401K is $17,500 the maximum you can contribute to a Roth IRA is $5500. The other advantage to a Roth 401k ...(more)
1 hour ago
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