What Is the Benefit of a Roth 401(k)?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 26 November 2021

⏱️ 4 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, Christy Wright, 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.
0:14.0	Brian is in Spokane, Washington.
0:16.6	Hi, Brian.
0:17.6	Welcome to the Ramsey show.
0:18.6	It's Ryan, but that's okay.
0:20.6	Thank you for taking my call.
0:21.9	Sorry, my bad.
0:22.9	I just read Brian on screen because it was typed there.
0:25.8	What's up?
0:26.8	So, my questions regarding retirement, I will have a pension when I retire.
0:33.2	It's anywhere from $4,900 to $5,500, depending on what I choose for my pension plan.
0:39.4	50 years old, I got 15 years left to work is what I'm hoping.
0:46.2	And my company does a 401k match up to 7%.
0:50.2	Great.
0:51.2	It's 3.5%, 7%.
0:57.0	You always talk about the Roth IRA and my company offers a Roth 401k.
1:02.4	Good.
1:03.4	But I don't know if that's the same as the Roth IRA.
1:08.6	It is.
1:09.6	Okay.
1:10.6	It works exactly the same.
	...

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