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a. C. Research and describe the difference between a; IRA, Roth IRA, 401k and Roth401k. b. Which one would you use if you worked for
a. C. Research and describe the difference between a; IRA, Roth IRA, 401k and Roth401k. b. Which one would you use if you worked for yourself? Which one would you use if you were expecting taxes to go UP when you retire? d. Which one would you use if you were expecting taxes to go DOWN or remain the same when you retire? Can you fund a Roth IRA AND a 401k at the same time? f. What is the maximum yearly individual contribution amount to a 401k in 2020? g. What is the maximum yearly individual contribution amount to a Roth IRA in 2020? h. Assuming you make $91,010 and get a 6.0% employer match only in your 401k. What is the MAXIMUM amount that can be contributed to both your Roth IRA and 401k in a year? Hint: Add your max and the employer match! e
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