Understand the Differences Between a 401K and a Roth 401K
Introduction to 401K and Roth 401K Plans 401K and Roth 401K plans are retirement savings options that allow employees to save for their future. Both plans offer tax advantages; however, they differ significantly in terms of how contributions and withdrawals are taxed. Traditional 401K contributions are made with pre-tax dollars, which reduces your taxable income […]