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Roth Accounts

A Roth account is a type of retirement-savings account that provides tax-free income in retirement. With a Roth IRA or Roth 401(k) your contributions are not tax-deductible, but you can usually withdraw your earnings tax-free after age 59 1/2 (and with a Roth IRA, you can withdraw your contributions without taxes or penalties at any time).

Which Retirement Account Should Young Workers Pick 401K or IRA

Roth or Traditional — Which Retirement Account Should Young Workers Pick?

Traditional accounts – such as a 401(k) or IRA – allow you to contribute pretax dollars or receive a tax deduction, offering a tax break upfront.

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