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The Street
  • 3 days ago
Expert explains the difference between the two popular retirement accounts.
Transcript
00:00The difference between a 401k and a Roth IRA is very, in essence, this.
00:07In a 401k, you are saving on a pre-tax basis.
00:10The money grows tax-free, but when it comes out, it's taxed as ordinary income.
00:14With a Roth account, the money goes in after taxes, grows tax-free, and when you take withdrawals, the money is not taxed at all.

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