Saving for retirement is one of the smartest things you can do for your future, but choosing between different retirement accounts can sometimes feel overwhelming. Two of the most common options are IRAs and 401(k) plans. If you’ve ever wondered what the ...

If you're a new investor, you have several decisions to make. For example, you must determine where to invest. Ideally, you want an investment vehicle that allows your money to grow steadily over time. But is that a Roth IRA or a 401(k)? Here, we'll ...

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Backdoor Roths and mega backdoor Roths are strategies used by high earners who aren’t eligible to contribute to Roth IRAs due to the income limits. The backdoor Roth and mega backdoor Roth strategies allow high earners to save more for retirement via a ...

The only potential "catch" with a Roth is that you must qualify to fund one, and higher earners might not. Other than that, they're the same in that both kinds of retirement accounts allow for tax-free growth of the investments held inside them.