If you’re taking a set-it-and-forget-it approach to your 401(k), you could be missing out on one of the most powerful retirement strategies available. Money expert and all-around financial guru Suze Orman calls the Roth 401(k) a must-have for anyone serious about building tax-free wealth for retirement.
Unlike a traditional 401(k), a Roth 401(k) allows you to pay taxes now and enjoy tax-free withdrawals later, which could potentially save you thousands in retirement. Here’s why Orman says making this switch could be one of the smartest money moves you’ll ever make.
