A 401(k) contribution can be an effective retirement savings tool. Since January 2006, there has been a new type of 401(k) for wealth management and retirement planning - the Roth 401(k) savings account. Unlike a traditional 401(k) , a Roth 401(k) plan allows you to contribute to your 401(k) account on an after-income tax basis - and pay no taxes on qualifying distributions when the money is withdrawn. For some investors, this could prove to be a better option than contributing on a pre-income tax basis, where deposits are subject to taxes when the money is withdrawn from your retirement account.
Use our easy financial calculator to help determine the best option for your retirement - a 401(k) Roth vs traditional 401(k). Then, speak to a Slavic401k financial advisor about your retirement savings or other financial planning matters. We're here and ready to assist you with all manner of investment management.
Slavic401k
1075 Broken Sound Parkway NW Suite 100
Boca Raton, FL 33487