Investing for retirement is an integral part of building your financial future. Whether that means saving up or investing through a 401(k) plan and/or Roth IRA account, investment strategies can change over our lifetime. You might find one is the best option to start your investing journey and the other more beneficial for your longterm plan.

NerdWallet investing writer Alana Benson breaks it all down in this video to help you make an informed decision and understand what comes next after deciding which plan best fits your needs.

Suggested Articles:
401(k) Calculator: https://www.nerdwallet.com/investing/...
IRA vs. 401(k): How to Choose:
https://www.nerdwallet.com/article/in...

Chapters:
0:00 Intro
0:21 401(K) Explained
0:44 401(K) Contribution Limits
2:54 Traditional 401(k) vs Roth 401(k)
3:29 Roth IRA Explained
3:54 Roth IRA Benefits
4:19 Roth IRA Pros and Cons

#NerdWallet #401K #RothIRA

About Versus:
Versus is all about financial decisions and weighing your options. Our financiallysavvy Nerds break down two similar product or services explaining why they are different and who they work well for. In the end, you will have an understanding of each option and what could work for you!

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Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here.

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Roth IRA vs 401(K): The Best Investment For You | NerdWallet
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