Roth 401(k) vs. Traditional 401(k)

Inputs

Annual Contribution

$0 $100,000

Years to Retirement

1 50

Annual Rate of Return (%)

%

Current Tax Rate (%)

▼

Expected Retirement Tax Rate (%)

▼

Future Value of Roth 401(k)

$ 883,609

Future Value of Traditional 401(k)

$ 1,132,832

After-Tax Value of Traditional 401(k)

$ 795,248

In life it often happens that the answers to our most pressing questions are right in our own backyards.

Does it make sense to borrow from my 401(k) to pay off debt or to make a major purchase?

It's important to understand the pros and cons when considering a prepaid debit card.