You're listening to Ramsay every day millionaires, where we talk retirement, building wealth, and outrageous generosity.

Alright, let's go to Eric. He is in Chicago, Illinois. Eric, welcome to the Ramsay Show.

Hey George, thanks for taking my call.

Absolutely. What's going on with you? How can I help?

I am calling today looking for a prophet just a little reassurance. My wife and I,

we've had our quote unquote grown up jobs for about 15 years now, investing in our companies 401Ks.

Okay.

But it wasn't until I started listening to the show that I realized it's a little bit more complicated than that,

with match beating IRA or yeah, match beating IRA beating traditional.

And so I'm basically just sorry, a little nervous.

That's alright. You're doing great. I'm basically going for you.

Appreciate that. Basically just looking for a little reassurance that are blind depositing of funds

into our just standard company 401Ks. Doesn't have us missing out too much on the future.

Great question. So yeah, what we say is that match beats Roth beats traditional.

Match is free money. It's 100% return on your investment. If you put in 100 bucks,

they're going to match 100 bucks right up to a certain amount. Followed by that,

we love tax-free growth around here. And so you're going to use after tax dollars with a Roth

and then you can withdraw it tax-free in retirement. Followed by that, we move to traditional,

which you're going to pay taxes on when you withdraw it, but you don't pay taxes on it now.

So that's what that refers to. So it depends on your situation.

Do you have a Roth option through your employer for your 401K or is it just traditional?

It's just a traditional 401K.

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