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Episode 131: Why a ROTH 401(k) is BETTER than a 401(k)

Updated May 20, 2020 | Chris Petrie

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Today on the show I am explaining everything you need to know about the ROTH 401(k) and why it’s a much better option than the traditional 401(k).

This video was recorded as a live stream to both Facebook and Youtube. The audio can also be found on the Money Peach Podcast — or anywhere you listen to your podcasts.

Listen to the Podcast

The Show Notes

Do you have a ROTH 401(k) option with your employer? 

Right now about 50% of employers who offer a 401(k) are now offering a ROTH 401(k) as an alternative option for retirement, and 60% of those who have access to a ROTH 401(k) are using them.

In this episode, I am going to talk about why the ROTH 401(k) is a much better option and explain exactly how the ROTH 401(k) works.

Once you understand the why behind the ROTH 401(k), you’ll be making the call to your HR department and start contributing to the ROTH 401(k) in no time at all.

**If your employer does NOT offer a ROTH 401(k) and you still want access to tax-free savings in retirement – you still can. 

**For the purpose of this episode, the rules for the 401(k) can also apply to your 401(a), 403(b), 457, or TSP.

Links Mentioned in the Episode

Interview with Rebecca Walser on Episode 114.

Don’t have a ROTH 401(k) option? You can open up your own ROTH IRA here and enjoy the same tax advantages you get from a ROTH 401(k).

I recommend opening a ROTH IRA at the same place I have all of my ROTH IRAs – Ally Invest.

Are You Enjoying the Podcast?

If you do, would you be willing to leave a review for the show here? The more reviews the podcast receives, the more people will learn about it!

Also, thanks so much for listening and for supporting the show. If you have any questions, head on over to https://www.moneypeach.com/askpeach where you can leave a voice message from your phone or desktop.

Are You Ready to Handle the Finances Better?

**Ready to reach financial freedom? Join me in our next live coaching program, Smart Money Academy. This is a live coaching program where you will learn how to manage every dollar, pay down debt, save more, and truly reach peace with your life and money.

Smart Money Academy is not an online course, but rather a live coaching program where you are guaranteed to change the way you manage money forever. I will personally walk with you step-by-step for 5 weeks inside a live coaching call showing exactly what to do and how to do it.

By the end of our 5 weeks together, you will have mastered a spending plan, saved at least $500, and you’ll have a personalized plan to reach financial freedom!


Chris Peach Author 150x150

Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.

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