Quote:
Originally Posted by petegz28
Roth 401 gives you 2 significant advantages...
1. You will not pay taxes on anything when you withdraw unlike a regular 401
2. After the account is open for 5 years you can withdraw up to the amount of principal without penalty prior to retirement. This is an added safety net feature if you ask me that you don't get from a regular 401....
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I did know that but I didn't know this.
Another benefit of a Roth IRA....you aren't required to take minimum distributions like other retirement accounts at a certain age.
That's huge and I honestly had no idea.