There really can't be a winner when comparing 401k vs Roth IRA, as both have their set of pros and cons. Even when you consider the unique feature of the self-directed 401k plan, it cannot be considered a retirement solution that can fit everyone.
A better understanding of these two retirement plans can be gained when we compare their main features. So, let’s look at each of them more closely to see which one is the better option for you.
Read MoreThere are many of you other there that are only a year away from retiring, or are currently retired who are kicking themselves for not saving more sooner. You may even be wondering if you should still save money while you are retired. To be honest, it is never really a bad idea to continue to save money, even if you are retired.
Most people who are retired today have some type of part time job or some other means of income coming in. If you have a source of income, why not continue saving it? Really the question is not should you continue to invest in an IRA, but what type of IRA should you invest in?
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