PODCAST EPISODE 303 – Traditional vs ROTH 401k

ByPaul Adams

In Episode 303 of More than Commas, Elijah Fowler talks about the differences between traditional 401(k) and Roth 401(k) retirement plans. He explains that traditional 401(k) contributions are made with pre-tax dollars, providing immediate tax benefits, while Roth 401(k) contributions are made with after-tax dollars, allowing for tax-free withdrawals in retirement. The episode also covers employer matching contributions, withdrawal flexibility, and required minimum distributions (RMDs), highlighting how each option can impact your financial strategy.

—

This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial LLC dba Sound Financial Group is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial LLC dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial LLC dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

Avatar photo
Paul Adams

Author

Paul Adams

CEO & Founder

As CEO and founder of Sound Financial Group Paul leads a team of financial professionals dedicated to helping clients define their financial goals then developing unique, tailored strategies to reach them. Paul tells his clients often that they should always make their financial decisions based upon indisputable math and independent scholarship, not based on media hype, hearsay, or trend.

Financial Advisor
Disclosure

Related Posts

  • PODCAST EPISODE 191: Where We Actually Have the Most Control, But Think We Have the Least

    EPISODE SUMMARY The very things that make us look wealthy erode our capacity to build wealth. Do you know how much of your income is deployed into tools for your future compared to what you or your household consumes? This is a sensitive topic for most people, simply because our lifestyles suggest we should always be spending. Paul and Cory…

  • Entrepreneurs: To Get the Life You Want, Breakdown the Costs

    Many entrepreneurs today are going for a moonshot, trying to live a superfluous life — without specifically knowing what it takes to get there. This mindset is akin to agreeing to buy a house or car without examining price first. Before you start saving for the surplus or superfluous lifestyle (or even just the sufficiency lifestyle), you need to define…

  • PODCAST EPISODE 204 – Why Pausing Can Bring You Value

    EPISODE SUMMARY Business usually doesn’t move forward if you’re not moving. However, sometimes pausing is the only way forward when you need to evaluate what direction you are going. Learn how to get value out of pausing to evaluate your goals and your aims from Paul and Cory in this episode. WHAT WAS COVERED TWEETABLES [Tweet “All of our goals…

  • Podcast Episode 80: Transact or Die Part 2 with John Patterson of Influence Ecology

    EPISODE SUMMARY In part 2 of my conversation with John Patterson, CEO and co-founder of Influence Ecology, we talk about the Four Conditions of Life, accurate thinking, and building transactions to satisfy aims. WHAT WAS COVERED TWEETABLES “If you don’t have your health you don’t have anything.” “The whole purpose of our education is we’re committed to people build transactions…

  • Podcast Episode 35: Illusions of Investing Part 1 – What Your Mutual Fund Won’t Tell You

    LISTEN HERE EPISODE SUMMARY This episode is part one of a six-part series on the illusions of investing. Paul admits that he believed many of these common illusions during the early years of his financial career and wouldn’t be surprised if your current financial advisor still believes them today. This episode dives into the illusion of stock picking and how…

  • Podcast Episode 24: The Differences Between Loss Tolerance and Risk Tolerance

    LISTEN HERE EPISODE SUMMARY Paul Adams explains the key differences between a loss tolerance mindset vs. a risk tolerance mindset. He shares a couple of examples throughout history of how thinking of your investment portfolio from a risk tolerance perspective can be deadly to your financial future when the market turns south. Instead, he says, frame your thoughts from a…