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re: Coming into a small inheritance.. what to do with it? UpDated

Posted on 11/30/14 at 12:24 pm to tduecen
Posted by lynxcat
Member since Jan 2008
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Posted on 11/30/14 at 12:24 pm to tduecen
Roth IRA is after tax money that grows tax free.

401k is before tax money that gets taxed when withdrawn.
This post was edited on 11/30/14 at 12:25 pm
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Posted by tduecen
Member since Nov 2006
161244 posts
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Posted on 11/30/14 at 12:25 pm to lynxcat
Ah ok, so I can have both, maybe place 2k in a Roth and then add to it each year?
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