logo
episode-header-image
Feb 2021
24m 20s

672 - What’s the Difference Between a Tr...

Quickanddirtytips.com
About this episode

If you work for a company that offers a retirement plan you might be confused about whether you should make traditional or Roth contributions. Laura reviews the critical differences to consider and how they affect your current taxes and future retirement.

Read the transcript.

Check out all the Quick and Dirty Tips shows.

Subscribe to the newsletter for regular updates.

Join the conversation on Facebook and Twitter.

Links:
https://www.quickanddirtytips.com/money-finance/investing/what’s-difference-between-traditional-and-roth-401k
https://www.quickanddirtytips.com/podcasts
https://www.quickanddirtytips.com/subscribe
https://www.facebook.com/MoneyGirlQDT
https://twitter.com/LauraAdams

Up next
Yesterday
8 Ways to Spend Money for a Happier Life
Laura provides tips for using money as a tool for getting more joy from life.Transcript: https://money-girl.simplecast.com/episodes/8-ways-to-spend-money-for-a-happier-life/transcriptHave a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at (302) ... Show More
9m 55s
Jul 4
Should My First Home Be an Investment Property?
Laura answers a listener's question about the pros and cons of buying a rental property before a first home.Transcript: https://money-girl.simplecast.com/episodes/should-my-first-home-be-an-investment-property/transcriptHave a money question? Send an email to money@quickanddirtyt ... Show More
22m 38s
Jul 2
9 Tips to Cut Your Power Bill When the Heat Soars
Laura provides nine practical tips to help you save money and reduce your power bill as temperatures rise this summer.Transcript: https://money-girl.simplecast.com/episodes/9-tips-to-cut-your-power-bill-when-the-heat-soars/transcriptHave a money question? Send an email to money@q ... Show More
11m 44s
Recommended Episodes
Jun 2023
“I Feel Behind on Retirement Savings. How Can I Catch Up?”
It is not easy to build up retirement savings. And if you're feeling that stress, you’re not alone. Last year, a survey found that 55% of Americans say they feel behind on saving for retirement. That's how today's listener Andy feels. Nicole gives three tips for kickstarting your ... Show More
11m 16s
Jun 2023
Roth IRA vs Roth 401(k) - Which is Better?
What are the differences between a Roth IRA and a Roth 401(k), and how should you utilize them on your wealth-building journey? Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a cl ... Show More
21m 42s
Oct 2021
244: Finance Friday: Why a $1M Retirement Goal Isn’t Far Fetched For Late Starters
Retirement planning can be complicated when you have so many options to choose from. Do you stick with the Roth IRA, the 401k, the Roth 401k, your employee pension plan, or solely invest in stocks and real estate? With all these different types of accounts and their numerous bene ... Show More
1h 2m
Apr 2017
017R | The Roth IRA Conversion Ladder | A Case Study
017R | In Today’s Podcast we cover: Friday Roundup # 6 This is our 23rd episode and providing a home for the FIRE community Thank you for our 50th review on Itunes (from Chad Carson!) – we plan to implement the voicemail feature on the website so we can use your input on the show ... Show More
1h 2m
Jun 2024
2208: Roth or Traditional When You Have Student Debt by Travis Hornsby of Student Loan Planner on Retirement Accounts
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2208:Travis Hornsby offers insightful guidance on choosing between Roth and Traditional retirement accounts when managing st ... Show More
12m 14s
Jun 2017
028 | Order of Operations | The Buckets | The Roth IRA
028 | In today's podcast we discuss the four different "buckets" available to savers plus an in-depth look at the Roth IRA and the 'Backdoor Roth.' In Today’s Podcast we cover: The order of operations for how you should approach the different “buckets” available to you both for r ... Show More
42m 25s
Dec 2022
Ask Paula: Should I Stay At My Job For the 401k?
#419: Casey isn’t happy at her job. If she leaves before her one-year mark, she’ll lose her 401k contributions. Should she stay or find a new job?Daan resides in a high-cost-of-living area where real estate appreciates rapidly. But there’s no cash flow. How should he evaluate rea ... Show More
58m 20s
Nov 2021
246: Finance Friday: I Want to Cash Out My 401k Early, Should I?
“Should I cash out my 401k?” That’s a question you never want to ask in an online financial independence forum. It’s been a well-known rule to never cash out retirement accounts due to withdrawal penalties, tax implications, and the possibility of throwing away your retirement pl ... Show More
1h 19m
Oct 2022
341: Money with Katie’s Middle-Class Myths and The Great Roth vs. 401K Debate
Katie Gatti Tassin from Money with Katie had her “financial awakening” earlier than most. She saw the middle-class wealth trap of working, spending, and repeating for what it really was. This cash-gobbling cycle is one that many Americans fall into, but once you see the light, it ... Show More
1h 4m