Suze Orman: 3 Accounts Can Make or Break Your Retirement

Core Insights - The article emphasizes the importance of establishing a solid retirement plan to achieve personal dreams and financial security in retirement [1] Group 1: Retirement Accounts - The 401(k) or 403(b) is highlighted as a foundational element of a solid retirement plan, with many individuals neglecting to actively manage their contributions [3][4] - Approximately 25% of savers are not contributing enough to qualify for maximum employer matching contributions, which can lead to significant financial losses [4] - The Roth 401(k) is introduced as a beneficial option that combines features of traditional 401(k) and Roth IRA, allowing for after-tax contributions and tax-free withdrawals in retirement [5][6] Group 2: Tax Benefits - The Roth 401(k) offers long-term tax benefits, as contributions are made with after-tax dollars, and withdrawals during retirement are completely tax-free [7]