SPECIAL REPORT: IRAs, 401(k)s, Roths, Pensions and More – Understanding What’s Best for You

Roth 401(k) vs. 401(k): Which Is Right for You? | Should You Use a Roth or Traditional IRA? | Which Is Better? A Pensions or 401(k) Created for {EMAIL} | [Web Version]( July 26, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( Kiplinger Today [SIGN UP]( ⋅ [SHARE]( [] Top Story [] [Roth 401(k) vs. 401(k): Which Is Right for You?]( [Roth 401(k) vs. 401(k): Which Is Right for You?]( (Getty Images) Nilay Gandhi, a senior wealth adviser at Vanguard, emphasizes that both options are excellent for retirement savings. The decision between the two boils down to [these individual tax situations and preferences](. [] IRAs [] [Should You Use a Roth or Traditional IRA?]( [Should You Use a Roth or Traditional IRA?]( (Getty Images) Americans believe they'll [need $1.46 million to retire comfortably](, and an individual retirement account is a great tool for building a robust nest egg. The question is not if you should have an IRA, but which kind you should use. [Investors Bet Big on Hydrogen Stock Rally]( Discover the company acquiring lithium and hydrogen projects across the U.S. and Canada. This visionary company is bringing this critical element's production back to North America, challenging China's dominance over 67% of global lithium supply and its position as the top hydrogen producer. [LEARN MORE]( ADVERTISEMENT [] 401(k)s [] [Which Is Better? A Pensions or 401(k)]( [Which Is Better? A Pensions or 401(k)]( (Getty Images) A pension provides a guaranteed monthly income funded solely by the employer, offering predictability and stability. In contrast, a 401(k) plan's value depends on contributions from both the employee and employer, investment choices, and market performance, making it potentially more variable but [could also offer more control and growth opportunities](. [] Smart Retirement Planning [] [How To Convert a Traditional IRA to a Roth After 60]( [How To Convert a Traditional IRA to a Roth After 60]( (Getty Images) You can't contribute to a traditional IRA at any age if you don't have earned income. But can someone who is retired and age 70½ still roll over money from a traditional IRA to a Roth? Let's explore what anyone making an [IRA conversion]( should consider first. [] Small Business [] [SEP IRA vs. Solo 401(k)?]( If you're a small business owner, have a side hustle, and receive 1099s as a freelancer or gig worker, there are many smart ways to save for retirement specifically designed for the self-employed. Here we compare two popular self-employed retirement savings plans. [Read More]( [This Hydrogen Company Gains Momentum]( Discover the company acquiring lithium and hydrogen projects across the U.S. and Canada. This visionary company is bringing this critical element's production back to North America, challenging China's dominance over 67% of global lithium supply and its position as the top hydrogen producer. [LEARN MORE]( ADVERTISEMENT [] Taxes [] [Is Your IRA an IOU to the IRS? Three Retirement Tax Strategies]( These retirement tax strategies, courtesy of investment adviser William Decker, can help reduce your taxes in retirement. He includes information about converting to Roth IRAs, using a Roth 401(k) and leveraging life insurance and annuities. [Read More]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger Retirement Report]( and [Kiplinger Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Kiplinger]( [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](mailto:kiplingertoday@smartbrief.com) | [ADVERTISE]( [Future]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036