What Are the Similarities Between a Traditional 401(k) and a Roth 401(k)? Let’s start with what a traditional 401(k) and a Roth 401(k) have in common. First, these are both workplace retirement savings options. With either type of 401(k) plan, you can enjoy the convenience of having the contribution drafted out of your paycheck. Second, both a traditional 401(k) and a Roth 401(k) have the ability to include a company match. Nearly 80% of companies who offer a 401(k) or similar product offer a match on employee contributions.(3) If you work at a place that offers a match, take it. Your employer is giving you free money! Third, both types have the same contribution limit. In 2018, the contribution limit is $18,500 per year or $24,500 if you’re over 50. The opportunity to invest that much every year is a huge perk of traditional and Roth 401(k)s, especially when compared to the Roth IRA’s contribution limit of $5,500 per year. <a rel="nofollow" target="_blank" href="
https://www.daveramsey.com/blog/traditional-401k-vs-roth-401k">https://www.daveramsey.com/blog/tradi...>
