In doing retirement planning, I found some charts that compared roth vs traditional for either an IRA or a 401k, but not a lot of charts that compared both types of retirement accounts simultaneously. This is my attempt to create a unified comparison.
Disclaimer: I’m early in my career and am mostly focused on contributions, so the chart doesn’t include a lot of detail on taxes/distributions/earnings. It’s also missing information about IRA “catch-up” contributions.
IRA common features
|
401k common features
| |
Traditional common features
|
Traditional IRA
|
Traditional 401k |
Roth common features
|
Roth IRA
| Roth 401k |