Re:How to make Penalty Free Retirement Withdrawals
by vmception on Wednesday November 10, 2021 @03:32AM
(#29172412)
Note: although there is an after-tax 401k, there is also a roth 401k. so along with pretax 401k that makes a total of 3 kinds
For whatever reason, the online personal finance space has rallied behind the ira and roth ira products
but I cant find any benefit of the ira over the 401k. whats important to me is how the 401k has multi-year low interest borrowing possible, as well as 10x higher contribution limits than an IRA.
To me it seems more like the SEO ambiguity makes the roth 401k more obscure than it is, it is hard to google because of the after tax, roth, and redirection to roth ira discussions pollute the search results
In addition, it seems like people just figured out how to create their own iras but havent figured out they can do the same with 401ks? One can roll from other plans and other employers 401ks into your own self directed 401k including roth 401k
For whatever reason, the online personal finance space has rallied behind the ira and roth ira products
but I cant find any benefit of the ira over the 401k. whats important to me is how the 401k has multi-year low interest borrowing possible, as well as 10x higher contribution limits than an IRA.
To me it seems more like the SEO ambiguity makes the roth 401k more obscure than it is, it is hard to google because of the after tax, roth, and redirection to roth ira discussions pollute the search results
In addition, it seems like people just figured out how to create their own iras but havent figured out they can do the same with 401ks? One can roll from other plans and other employers 401ks into your own self directed 401k including roth 401k