When saving for retirement, the first decision is how much. But the next decision is where: Do you contribute to a traditional retirement account or a Roth? By far, the majority of retirement assets are in traditional accounts, but that may not be the right choice for you. Motley Fool retirement experts Robert Brokamp and Dan Caplinger discuss five reasons why you might want to go with the Roth.
Also in this episode:
-Life expectancy is a crucial variable in retirement calculations – what should you assume?
-The ratio of household wealth to income is at an all-time high
-Almost 1 in 4 adults provide financial support to aging parents, often to their detriment
-Aim to max out your retirement accounts in 2025, but don’t wait until Dec. 31 – especially with 401(k)s
Host: Robert Brokamp
Guest: Dan Caplinger
Engineer: Bart Shannon
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