ilmscore | Prediction Details
"within all four of these accounts you have a traditional version and then you have a Roth version the traditional version so traditional 401K traditional IRA traditional 403b traditional 457b all these things mean that you do not pay any taxes today you invest your money today and then this money gets to grow taxfree so every time you make a profit you don't have to pay taxes on it and then when you start pulling this money out when you're a whole lot older that's when you pay taxes when you pull the money out with the Roth It's the opposite with the Roth option Roth 401k Ira 403b 457b you pay taxes on your money today and then this money goes into your account"
By Minority Mindset | April 2, 2024 | Pending
From video
MASTERCLASS: Buy These 5 FOREVER INVESTMENTS To Be Financially Free 00:23:41 - 00:24:12
Interpreted Prediction
Traditional retirement accounts allow tax-deferred growth, with taxes paid upon withdrawal, while Roth accounts are funded with post-tax money, offering tax-free withdrawals in retirement.

Prediction Details

Topic
Retirement Account Tax Treatment

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