401K Rollover/IRA/Roth

For individuals the accumulation process for retirement purpose has a number of options. Each has an annual contribution level. It is prudent to plan withdraws in retirement with the best outcome.

> 401K Plans are used at companies and often times a company will match an employees contribution to a certain level using pretax dollars. These contributions are taxed when withdrawn

> IRAs are used by individuals as an accumulation option also using pretax dollars. This is also used when an employee leaves a company and rolls over their 401K account from the employer plan to their individual account. These contributions are taxed when withdrawn.

> A ROTH is another accumulation option but uses after tax dollars for accumulation. - Contributions are able to be withdrawn tax free because they are made of nondeductible contributions.