ilmscore | Prediction Details
"now if you use a Roth 401k or a Roth IRA now you're going to pay taxes when you put your money in so if you take that five thousand dollars and you put it into your Roth IRA or a Roth 401k you're going to pay taxes on the five thousand dollars today and then you'll have the after tax dollars actually being invested but now your money can grow tax-free and then when you pull your money out you can generate and put your money out tax-free as well"
By Minority Mindset | September 17, 2023 | Pending
From video
How To Stop Paying Taxes (Legally) & Build Your Financial Freedom | Jaspreet Singh 00:13:48 - 00:14:08
Interpreted Prediction
Roth 401(k)s and IRAs involve paying taxes on contributions in the current year, but qualified withdrawals in retirement are tax-free, with tax-free growth.

Prediction Details

Topic
Roth Retirement Accounts

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