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If you were a farmer and had to either pay tax on the seed or the harvest, which would you choose? Most would choose the seed. The harvest could be 100 to 1000 times greater to pay taxes on. That is the option between a Roth Ira and a traditional Ira. You pay the tax now and never pay the tax again. That is the intended benefit of a Roth Ira.
When you review your 401k, what do you see? The amount you see is only 60% for you, the retiree and the rest is for IRS and state taxes. Will it be enough to carry us through our elderly years? In the early 90's, most employees were forced to change from defined benefit retirement to a 401k retirement.
The argument then was that individuals can choose the best and the best option was to self direct your retirement funds. Unfortunately, the small print was obscured on purpose by the financial industry by lobbying efforts and most of us are unclear about what the final result of our retirement funding will look like.
Some of us left jobs along with our 401k proceeds and many of us failed to transfer these funds and now we don't have a retirement or our retirement was impacted by inaction. 
I will post more related information along with suggestions to strengthen your future retirement.
Ramon Altamirano  
Posted 3:26 PM

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