‘Consider Yourself Lucky’ if You Can Use This Retirement Account, Says Financial Advisor

Written By John Iammarino

Featured on Grow by Acorns

By Carla Fried

If you’re saving for retirement at work, one smart move can make your balance even stronger. Invest at least some of your cash in a Roth 401(k).

More than 8 in 10 employers now offer two kinds of 401(k)s to choose from, according to a Callan Institute 2019 Defined Contribution Trends report: a traditional 401(k) and a Roth 401(k). Most savers use the traditional options, but the Roth can be the smarter choice over the long term.

“If you can save in a Roth 401(k), consider yourself lucky,” says John Iammarino, a financial advisor at Securus Financial in San Diego. “My message is Roth all day, every day, if you can.”

Here’s what you need to know as you strategize.

John Iammarino
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