NBC’s Today Show – Money 911 – January 4, 2012 – Plus My Tip to Earn 3% in 2012

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Can you believe it? Today was my 100th segment on NBC’s Today Show! If you missed me this morning on Money 911 make sure to check it out now! We answered questions about investing, emergncy funds, credit scores and using your 401k plan for home improvements. 

Plus dont’ miss the special video I did below, where I share how YOU can earn 3% on your money in 2012! 



 

Enjoy!

Live Rich,
David Bach

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Is ROTH 401(k) Better Than A Traditional Plan?

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Check out the latest video I did for Today.com!

Question: I just started my job about a month ago and we have the option of a traditional 401(K) and a ROTH 401(K). I am 22 years old, have a long career ahead of me and don’t have huge amount of expenses. Which would you suggest?

My Advice:
- Your goal is to max out the retirement account
- You can use a traditional 401(k) and get a tax deduction
- Or have no tax deduction upfront with ROTH 401(k) Plan – (but remember you will have to pay taxes when you take the money out later.)
- I suggest, put half into each of the plans

Hope this helps!

Live Rich,

David Bach

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