The decision isn't as simple as an either-or choice.

A n IRA conversion to Roth is a popular pre-retirement or early retirement move. Roth IRAs offer several benefits that ...

401(k)s and Roth IRAs have different tax treatments. When choosing a 401(k) or Roth IRA, consider your financial circumstances. 401(k)s and Roth IRAs can be complementary tools in your retirement ...

Most of us need to save a significant sum for our retirements, and tax-advantaged retirement plans can help us do so. Roth accounts are especially appealing since they offer the opportunity to ...

2. The 401(k) loan option. A Roth IRA allows penalty-free and tax-free access to your contributions at any time, but a Roth 401(k) can give you access to up to half of your account, including the ...

“Start by maxing out a Roth IRA while you are in your 20s, and if there is a company 401(k) as well, contribute just up to the amount you need to get your employer’s match,” Whitney says.

Contribution limits for a 401(k) are much higher than Roth IRA contributions. In 2024 you can contribute up to $23,000 to a 401(k). Compare that with only $7,000 to a Roth IRA .

Yes, you can convert from a 401(k) to a Roth IRA even if you earn too much to contribute to a Roth IRA. The IRS places no income restrictions on Roth conversions. I turn 73 this year.

A Roth 401(k) offers elements of both a 401(k) and a Roth IRA. Here's what you need to know about this employer-sponsored retirement account.

And some people take advantage of pretax contributions to a traditional IRA or 401(k), only to wish later that they had opened a Roth IRA instead. That’s where a Roth IRA conversion comes in.

Forbes Here's The Best Time To Convert Your 401k To A Roth IRA By . Generally speaking, the younger you are, the more beneficial Roth conversations can be.