Traditional vs Roth 401K

Did you know that both a traditional and Roth 401(k) allow you to contribute regularly for retirement?

With a traditional 401(k), you don’t pay taxes in the year you put it into the account. You will have to pay income tax on your contributions and earnings when you take the money out. With the Roth option, you pay taxes on the money before it goes into your account, but you generally won’t be taxed on your contributions or gains if you take a withdrawal after five years.