You’re contributing to your 401(k) and trying to save for a Roth IRA, but your paycheck only goes so far. How do you decide where each dollar should go?
Even if you can’t max out both accounts, experts say how you split your contributions can have a big impact on your long-term returns and tax savings. The key is knowing how these two accounts differ and which one deserves priority based on your income, tax bracket and employer benefits.
