Listen: IRA, Four One K discussed on MAD MONEY W/ JIM CRAMER
"Missing out on some terrific games or making losing a fortune to hidden fees. I admit this kind of stuff. Business funds picking stocks. I know i speak as much more over the course of your lifetime really could help you build up more wealth than a couple of great. Stop picks and the simple truth is that i don't you leaving money on the table just because nobody could be bothered to explain say the finer points of retirement investing so with that mind and let me explain whether it makes sense for you to use a regular four one k. or i._r._a. Or for you go with wolf which is a term. I'm sure you've heard callous types. Now i know i've talked endlessly endlessly about the benefits of using an individual time to count or i._r._a. For short and a 4._0._1._k. Plan to invest retirement. I don't want to beat a dead but this is a subject that you get a ton of questions about so should should i put my money in a roth account or regular one. Let's start with the roth i._r._a. Which anyone can contribute to as long as they make less than a one hundred thirty seven thousand a year. I think that aside from the earned income tax credit the roth i._r._a. May be the single greatest thing our government has done for lower income families since the end of the world poverty which ended in a draw poverty possibly winning points if i were king in a forest i'd make the limits for the i._r._a. Investing the same as the ones for the 4._0._1._k. It's ridiculous that they aren't but the industry doesn't seem to care because they make a lot more money off of four one k. plans. There's no other reason i could find for why you can contribute roughly three times as much money to a 4._0._1._k. As an ira obviously i've searched it doesn't make sense. It's gotta be the industry talks about it. I told you all that how regular i._r._a. Let you take pretax. Income invested and gains can compound. You're you're you're decades decades.."