Confused about 401k, IRA, and Roth IRA? Learn the key differences and discover the optimal investment order for your financial future in this 2020 guide.

Roth IRA: 401(k) Contribution limit: $7,000 until age 50 when catch up contributions allow for a total of $8,000: $23,000 until age 50 when catch up contributions allow for a total of $30,000 ...

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

Here, we'll compare the two and help you determine which one best meets your needs. The best features of a Roth IRA Each ...

The good news is this: Choosing between a Roth IRA and a 401(k) is not an all-or-nothing scenario. There's no rule saying you can't invest in both, and that may be precisely what you decide to do.

For example, if you have $60,000 in taxable income and contribute $5,000 to a Roth IRA or Roth 401(k), you still have $60,000 in taxable income, and your take-home pay is reduced by $5,000.

Unlike a traditional 401(k) or IRA, where withdrawals are taxed as ordinary income, Roth IRAs provide tax-free withdrawals in retirement, provided you meet the five-year rule and are over 59½.

The Roth IRA is a favorite among personal finance experts as a top choice for retirement savings.But a Roth 401(k) could be an even better option for many people.

If your employer does not offer a 401(k), then your best option is a Roth IRA. “The Roth IRA will give you the same tax benefits on your growth as the Roth 401(k),” Meyer said.

A Roth IRA and a traditional IRA both have unique benefits. Getty Images/iStockphoto If you're looking to start investing but don't have access to an employer-sponsored 401(k) - or if you've maxed ...

Remember, traditional 401(k)s are funded with pre-tax dollars, whereas Roth IRAs are funded with after-tax dollars. So when you do your conversion, the amount of money you roll into a Roth IRA is ...