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Should You Contribute to a Roth IRA or Pre-Tax as a High Earner? (By Tax Bracket!)

The Personal Finance Podcast

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The Power of Roth IRAs

The power of the Roth IRA is that tax-free growth. If you invest your dollars and say you're maxing out a Roth IRA, for example, at $6,500 per year, you're going to have well over a million dollars in that account. Then there's pre-tax accounts,. There is a bunch of different types depending on where you work. The money you contribute is tax deductible or it’s pre-tax meaning money that you put in there, you're not going to pay any tax.

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