https://padlet.com/03cleonard/veo9bge69a7zj2oh Made with panache en-us 2021-01-12 02:35:13 UTC 2021-01-12 18:31:40 UTC hello@padlet.com 03cleonard https://padlet.com/03cleonard/veo9bge69a7zj2oh/wish/1076840141 A 401(k) is a retirement plan where you invest an amount of money each month, out of your pretax income, which your employer can match each month (although they aren't always required to)]]> 2021-01-12 02:36:44 UTC https://padlet.com/03cleonard/veo9bge69a7zj2oh/wish/1076840141 03cleonard https://padlet.com/03cleonard/veo9bge69a7zj2oh/wish/1076855762 A Roth IRA is a retirement plan where you invest money out of your post-tax salary each month, that can grow and be collected tax-free.]]> 2021-01-12 02:45:04 UTC https://padlet.com/03cleonard/veo9bge69a7zj2oh/wish/1076855762 03cleonard https://padlet.com/03cleonard/veo9bge69a7zj2oh/wish/1079989075 401(k):
- invest out of pre-tax income, lowering your deductible
- if your employer matches it, you can gain free investment into your retirement

Roth IRA:
- the investment can grow and be withdrawn free of taxes
- don't have to rely on an employer to open one, you can do it at any time]]> 2021-01-12 18:24:47 UTC https://padlet.com/03cleonard/veo9bge69a7zj2oh/wish/1079989075 03cleonard https://padlet.com/03cleonard/veo9bge69a7zj2oh/wish/1080007431 401(k):
- you employer decides which mutual funds you can invest in, not you
- when you join a company, you might have to wait before you can open a 401(k)

Roth IRA:
- you are limited in how much you can invest, more than in a 401(k)
- if you make above a certain income, you can invest even less]]> 2021-01-12 18:28:01 UTC https://padlet.com/03cleonard/veo9bge69a7zj2oh/wish/1080007431