Should I Max Out My Roth IRA or 401(k)?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 15 June 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:13.8	Roxanne's in Portland.
0:15.3	Hi Roxanne, what's up?
0:17.0	Hi Dave, I am doing pretty good.
0:21.2	I'm calling with a question about a baby steps 4.
0:24.6	My husband and I are just starting this part of our journey.
0:28.8	I'm wondering if I should max out my 401k or meet my match for my employer and max out
0:38.0	my Roth IRA as well.
0:40.8	401k available as a Roth?
0:44.0	It's not a Roth it's just additional.
0:46.2	Is it available as a Roth?
0:48.2	They don't offer that at your office.
0:51.4	Correct.
0:52.4	Okay.
0:53.4	There's a rule with them.
0:55.2	Mathematically match beats Roth beats traditional.
1:03.7	So what that would tell you to do I think in your situation are you married?
1:07.4	I am.
1:08.4	Okay.
1:09.4	I would do my match.
1:10.4	I did.
	...

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