Adjovi Osborne Padlet: 401k vs. Roth IRA by Adjovi Osborne https://padlet.com/03aosborne/rm8j2luv7lr5z8th en-us 2021-01-11 13:41:47 UTC 2026-03-15 09:19:16 UTC hello@padlet.com https://padlet.net/icons/png/1f61d.png 401k 03aosborne https://padlet.com/03aosborne/rm8j2luv7lr5z8th/wish/1073949519 A 401k is a retirement plan that save money which most employers offer.
Advantages: You can save up to $19,000 a year and there is no income level limit.
Disadvantages: There are waiting periods if you are new to a company and there are fewer options for mutual funds.]]> 2021-01-11 13:43:04 UTC https://padlet.com/03aosborne/rm8j2luv7lr5z8th/wish/1073949519 Roth IRA 03aosborne https://padlet.com/03aosborne/rm8j2luv7lr5z8th/wish/1074036669 A Roth IRA is a retirement plan that you can open up yourself.
Advantages: Tax free growth and more investing options.
Disadvantages: You can only save up to $6,000 a year and $7,000 once your 50 years old. There are also income limits.]]> 2021-01-11 14:02:14 UTC https://padlet.com/03aosborne/rm8j2luv7lr5z8th/wish/1074036669 Which would I choose? 03aosborne https://padlet.com/03aosborne/rm8j2luv7lr5z8th/wish/1074054663 I would choose the 401k mainly because you can save up much more money than Roth IRA]]> 2021-01-11 14:05:53 UTC https://padlet.com/03aosborne/rm8j2luv7lr5z8th/wish/1074054663