It's my pleasure to welcome you to the Clark Howard Show, our mission to serve and empower

you so you make better financial decisions in your life.

I'm going to start out with something I've received a lot of questions about lately.

Roth 401Ks, I have updated advice for you about these and later I've got something that's

pretty scary for your safety, a nefarious way, that's a big word.

You can be tracked and most importantly what you need to do about it.

So I have been the man from Roth forever, first Roth IRAs, then Roth 401Ks, I'm obsessed

with the Roth is a way to save for retirement.

And why am I obsessed with the Roth?

Because there are a couple of reasons.

The Roth IRA means a dollar saved is a dollar you're going to have in retirement.

Where in a traditional IRA or a traditional 401K, a dollar saved is not a dollar.

It's really somewhere maybe 70 cents on the dollar or less.

Because everything in that account, everything that grows over the years, everything will

be taxed, it who knows what tax rate down the road, tax rates in the United States today

are usually low by historical measures.

And if you just want proof of that, we are bringing in far less than tax dollars than

what we're spending.

And most of that spending doesn't change depending on whose empower because most of it is statutory.

This for programs that are already baked in for entitlements.

And so ultimately the bill has to be paid.

And it's my belief that eventually, rather than the country going broke, we will be expected

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