Why you should have a Roth along with your 401K or IRA [Video]

101 OF THE PLANS

A 401K is a retirement plan offered by an employer. Often, there is a matching of funds. 

A traditional IRA is a retirement plan you do on your own.

A Roth IRS is a retirement plan many employers are now offering along with a 401k, but you can also get them on your own. 

Is it okay to put all your money into just one kind of plan?

Experts say you need to diversify and have a Roth with a regular IRA or a 401k. 

“The 401k, we can put more money in those accounts, but it’s tax-deferred which means it’s not tax-free, you’re eventually going to pay taxes on that money. At some point, we’re going to have to pay taxes on all that money within 10 years. That’s painful to think that all that hard-earned money will be taxed like that when you take it out,” said Scott Braddock of Scott Braddock Financial. 

The …