I Absolutely Prefer a Roth IRA to a 401k for Retirement Savings. Here's Why.
I'd argue that there's no such thing as a "bad" retirement account. Any account that helps you financially prepare for retirement and gives you a tax break while doing it is worthwhile. That said, different retirement accounts offer different benefits, so it's OK to say that you prefer one over another.A 401(k) is the most popular retirement account (by far) and is often synonymous with retirement savings, but I personally prefer a Roth IRA. It may not be foolproof, but it has a few benefits that make it an excellent option for those eligible to contribute.Image source: Getty Images.Continue reading
I'd argue that there's no such thing as a "bad" retirement account. Any account that helps you financially prepare for retirement and gives you a tax break while doing it is worthwhile. That said, different retirement accounts offer different benefits, so it's OK to say that you prefer one over another.
A 401(k) is the most popular retirement account (by far) and is often synonymous with retirement savings, but I personally prefer a Roth IRA. It may not be foolproof, but it has a few benefits that make it an excellent option for those eligible to contribute.
Image source: Getty Images.
