Pretax 401k vs. Roth 401k | Which is Right for You?
While we often focus on tax-efficient withdrawals, it’s just as important to consider the tax implications of your savings plan throughout your lifetime. The question we all face at some point is whether we should prioritize tax savings today or in the future. In this video we walk through how to analyze the trade-offs and figure out which savings bucket can give you the most tax-efficient outcome. We’ll focus on the decision between contributing to a pretax 401(k) or a Roth 401(k) and break down the pros and cons of each. By the end of this video, you’ll have a better understanding of how to make the right choice for your unique financial situation and goals.
– Explained by Devin Carroll, RSSA
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