Please ensure Javascript is enabled for purposes of website accessibility The Award for Best Beginner Retirement Account Goes To… | Smart Change: Personal Finance | #retirement | #elderly | #seniors – Active Lifestyle Media

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Retirement NewsThe Award for Best Beginner Retirement Account Goes To… | Smart Change: Personal Finance | #retirement | #elderly | #seniors

The Award for Best Beginner Retirement Account Goes To… | Smart Change: Personal Finance | #retirement | #elderly | #seniors

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And while a 401(k) puts up a good fight in the quest to be declared the best retirement account because of the convenience that comes from investing with an employer-provided account, the 401(k) is also inferior to a Roth (or traditional) IRA in a few other ways:

Now there is one caveat to consider, though, and that’s the 401(k) match. If your employer matches 401(k) contributions, you’ll want to contribute enough to your 401(k) to get this free money before you invest in a Roth IRA. After all, while a Roth IRA has a whole lot of perks that enabled it to earn the coveted best account award, those perks don’t outweigh the benefits of free investment dollars.

Of course, once you’ve maxed out your employer match (or if you don’t get an employer match), the Roth IRA may be the clear choice.

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