How do a 401(k) and a Roth IRA work?

What you'll learn

What a 401k and Roth IRA actually are, in plain language
How compound interest turns small amounts into much larger ones over time
Why starting to save at 20 beats starting at 40, even with less money
How employer matching works and why it matters
Where to find current IRS contribution limits so you always have accurate numbers

A Vivoso lesson, written for your age group and your state. Read it or listen in about 15 to 20 minutes with full access.