Roth IRA Vs 401K For Dummies (Which One Is BETTER For YOU?)
Channel: Shane Hummus
Date: 2019-07-03

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This video will help you decide ether the Roth IRA or the 401k is better for you

These are two of the most important and well known investment accounts, everyone knows about these and there's a lot of hype, so the big question is, which one should you invest in?  

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But the problem is, most people don't really even know what these investment accounts even are.  There are key differences that separate them and these differences are what we will be focusing on today in this episode.  Knowing these differences will allow you to make a better decision on which one you should go with

When it comes to selecting the best retirement accounts there are a bunch of big ones: Roth IRA, IRA, 401k, Roth 401k and the list goes on.... 

The two biggest and most common types of retirement accounts are the Roth IRA and 401k.  Chances are, for 90% of you, one of these two retirement plans will be the best choice for you, maybe even both.

Roth IRA (Individual Retirement Account) explained:  In this video I will explain the key differences that might make ira investing the right choice for you.

401k explained:  How does a 401k work?  In this video I will explain why 401k investing may be right for you as well.

Every situation is different, sometimes the best choice will be to go with one or the other and sometimes the best choice will be to do BOTH.  It depends on a ton of factors like your career, how old you are, how much you can invest, how much you're making, what your goals are etc etc etc...

One common broker that is used to set up IRA accounts would be the Vanguard Roth IRA, but there are many other good ones too, you just have to look around

Thanks for watching/reading and if you've gotten this far leave a comment related to how expensive starbucks is!