59sec snip

THE ED MYLETT SHOW cover image

The Path to Financial Freedom No One Talks About

THE ED MYLETT SHOW

NOTE

Maximizing Retirement Savings with Roth Accounts

Corporations are now offering Roth 401(k) accounts as an alternative to traditional retirement accounts. Unlike traditional accounts that offer tax benefits today and tax payments in the future, Roth accounts require post-tax contributions with tax-free withdrawals in the future. Considering the uncertainty of future tax rates, opting for Roth accounts, like a backdoor Roth IRA, can be a strategic move for individuals with income above the contribution limit.

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