Is It Advisable to Start a Roth IRA or Roth 401k?

Once you turn 59 and a half, you're no longer subjected to a 10% penalty regardless of how long your money has been in a Roth IRA or Roth 401k. It is the income tax on that money that you will have to pay if it hasn't been in there for at least five years. So why not do the Roth 401k start a Roth IRA now? Once you retire, you will absolutely just convert it over, roll it over into your Roth IRA and let it sit there for three years to simply avoid the taxation on the earnings.

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