Bottom Line

There are a few essential things to keep in mind when managing retirement accounts. Here are the core points from the lesson:

• 401(k)s are effective for automating savings and deferring taxes, especially in high tax brackets, and it's important to capture the employer match and invest contributions
• Pre-tax vs. Roth decisions aren’t one-size-fits-all, but choosing wisely can reduce your lifetime tax bill with the help of smart withdrawal strategies
• Mega backdoor Roths allow large tax-free contributions if your plan supports them, while backdoor Roths offer smaller contributions with more complexity and caution required

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