https://padlet.com/claragonz645/nil1jiv8sckyx2rc By: Clara Gonzalez en-us 2021-04-21 01:01:17 UTC 2021-04-21 13:43:35 UTC hello@padlet.com claragonz645 https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440515511 a 401k is a retirement savings plan. This is what employers offer. ]]> 2021-04-21 01:02:23 UTC https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440515511 claragonz645 https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440516396 - an employer can match your contribution and you can make investing dollars, so you get more money
-your 401k is invested with pretax dollars, so your taxable income is lower ]]> 2021-04-21 01:02:42 UTC https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440516396 claragonz645 https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440517110 - if you just join a company you have to wait to start a 401k
-if your employer hires an administrator to administer your 401k they get to choose what mutual funds you can invest in and now your freedom of choice is gone ]]> 2021-04-21 01:02:58 UTC https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440517110 claragonz645 https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440517855 a Roth IRA is a retirement savings plan. this plan is one you can open by yourself. ]]> 2021-04-21 01:03:13 UTC https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440517855 claragonz645 https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440519007 - you invest a Roth IRA with after tax dollars so your money growth wont be taxed and your withdrawal isn't taxed either. 
- since this is your own plan your choices of mutual funds to invest in aren't limited. ]]> 2021-04-21 01:03:39 UTC https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440519007 claragonz645 https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440519534 - you're only allowed a 6,000 limit yearly or 7,000 if your'e 50 or older 
-you have to have less than 122,000 yearly income to fully contribute to a Roth IRA]]> 2021-04-21 01:03:51 UTC https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440519534 claragonz645 https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440521589 i would choose a 401k because thats what i'm most familiar with and with a Roth IRA while being individual might be ideal for some people, i don't what to have to make choices on something i don't know about and potentially lose money or not make enough money as opposed to being limited but making enough money for retirement. ]]> 2021-04-21 01:04:33 UTC https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1440521589 claragonz645 https://padlet.com/claragonz645/nil1jiv8sckyx2rc/wish/1442363774 https://www.ramseysolutions.com/retirement/401k-vs-roth-ira



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