Defer taxes now and pay them in the future at the time of withdrawal. Pretax contributions leave you a bit more in your take home pay today., If your income is high now and you expect it to be lower in retirement, pay taxes later and save via pretax., Distributions are generally allowed at age 59.5, upon death, disability, or separation from service. Even if there is no 10% early withdrawal penalty, pretax distributions are always subject to income tax., If you have less than the five years required to withdraw Roth dollars tax free, stick to pretax., Pay taxes now to avoid paying them in retirement. Roth contributions result in a little less in your take home pay today., If your income is currently low and you expect to pay more taxes in the future, you may want to pay taxes now and save via Roth., If your income is too high to contribute to a Roth IRA, you can save via Roth in 401(k)., Qualified distributions (as listed above) are tax free as long as it has been five years since first Roth deposit., The longer you have until you withdraw, the more attractive Roth becomes. The growth on Roth contributions is never taxed, so a long time horizon makes Roth more advantageous., 04/16/23, 10:00 AM, CT, 2:00 PM, CT, Join HFG for a live webinar discussing the differences and benefits between pretax and Roth savings options., 844.714.7634, 844.658.0971, hfg@haysfinancial.com, Schedule directly on Calendly