672 - What’s the Difference Between a Traditional and Roth 401(k)?

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.6 • 1.8K Ratings

🗓️ 17 February 2021

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you work for a company that offers a retirement plan you might be confused about whether you should make traditional or Roth contributions. Laura reviews the critical differences to consider and how they affect your current taxes and future retirement. Read the transcript. Check out all the Quick and Dirty Tips shows. Subscribe to the newsletter for regular updates. Join the conversation on Facebook and Twitter. Links: https://www.quickanddirtytips.com/money-finance/investing/what’s-difference-between-traditional-and-roth-401k https://www.quickanddirtytips.com/podcasts https://www.quickanddirtytips.com/subscribe https://www.facebook.com/MoneyGirlQDT https://twitter.com/LauraAdams

Transcript

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0:00.0	Hi, everyone. Thanks so much for downloading the Money Girl podcast. It's great to have
0:09.7	you here. I really appreciate you spending some time with me this week. My name is Laura
0:15.0	Adams and I'm a personal finance and small business expert, author and educator who's
0:21.1	been hosting this show since 2008. My home base is in Viro Beach, Florida. I live on the
0:27.9	ocean and I have to tell you today is just an incredibly beautiful hot and sunny day. And
0:33.6	I feel so guilty about it because the rest of the country is freezing right now. So many
0:38.8	of my friends are either without power or they're in sub-zero temperatures. It's just crazy.
0:45.8	So if you need a little warmth and sunshine, maybe this podcast will bring it to you or maybe
0:50.4	you can take a trip and come to Florida where the weather is just amazing here right now.
0:56.5	If you've been with me for a while, you know that every episode I bring you is like a
1:01.0	mini training on a topic that I believe is essential for your financial and personal
1:05.8	success. You're going to hear solo shows where I talk by myself about topics like debt,
1:11.8	credit, savings, spending, investing, real estate, running a business, how to make critical
1:16.8	money decisions with confidence and lots more. You'll also hear my interviews with interesting
1:21.7	people who have expertise, they've got financial experience to share. And our mission is to help
1:27.8	you get the knowledge and motivation to prioritize your finances, build wealth, get the answers
1:33.8	to the questions that you have and ultimately have more security and less stress. My goal for
1:40.0	each episode is to give you actionable strategies and tips that you can take away and put into practice
1:45.7	right after you listen to the show to take your money management to the next level. So be sure
1:51.4	to subscribe and I love your participation. Many of the topics I cover come from you and the show
1:57.6	is all about you. So I want to know what issues you need help with. You can leave a message 24-7
2:04.0	on our voicemail line by calling 302-364-0308 or you can send me an email using the contact page
	...

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