Finance
Asking
No Notifications
Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

Is there a benefit to having both a 401k and a Roth IRA?

Not sure if I should have both accounts or just one
SW-User
33 replies 63 views Feb 5, 2023
Share Link
This page is a permanent link to the reply below and its nested replies. See all post replies »
REMsleep · 41-45, F Best Comment
Yes, certainly. Roth you can self determine a bit more if you are so inclined. After 5 year holding requirement you can withdraw from Roth with no taxes or penalties.
So its good in an emergency ( better than taking loan from 401K)
+ 1 · Reply · Translate · Feb 5, 2023