Blog - Insights

Many people preparing for retirement are discovering the advantages of Roth accounts for their retirement savings. You probably remember that, unlike traditional IRAs, 401(k)s, and 403(b)s, Roth accounts are funded with after-tax dollars, meaning that you don’t get to reduce your taxable income by the amount of the contribution, as with traditional accounts.

If there’s one thing that people preparing for retirement understand thoroughly, it’s the need to build up the “nest egg” as much as possible. And as financial advisors, we are constantly preaching the same message: put as much as you can into your tax-advantaged accounts (401(k)s, 403(b)s, IRAs, etc.) and your regular investment accounts so you’ll have plenty of funds as you begin your retirement.