Is Roth 401k Is The Same As An Ira

A Roth IRA is  entirely  pointless if you  do not, invest the money in your Roth IRA.  Right here, the  leading  location for financial education I’m going to go over three of  the very best Roth IRA investments. Is roth 401k is the same as an IRA. Any among these investments can and also will certainly make you a tax-free millionaire.

Is Roth 401k Is The Same As An Ira

I’m additionally going to make a referral on how to choose which of these three methods is finest for you. Just like a lot of points in life, there’s never ever one right response. Because the most effective investment for you may not be the best investment for another person. Is roth 401k is the same as an IRA.

 I want you to be as  informed as possible so that you can be in full control of what  takes place to your money. 

 

 

 If all this sounds  excellent to you, we’re going to  leap right in  considering that with the Roth IRA, you’ll  never ever  need to pay  tax obligations on your investment gains. Is roth 401k is the same as an IRA.  It makes good sense to utilize your Roth IRA for high growth investments, because generally even more profits equals even more tax obligations, yet not if those investments are inside your Roth IRA. Not just this, however the Roth IRA is a long-term lorry, so it likewise doesn’t make good sense to invest for Passive earnings in your Roth IRA. You can not access or take out the cash anyway till you transform 59 as well as a half.

 So instead of  concentrating on passive  earnings in your Roth IRA, why not focus on  development?   This  guidelines out a  whole lot of investments, for example, Bonds or Money, Market Investments like CDs  and also  brief term Treasuries, and certainly not  money, because you  do not want to waste the tax shield of the Roth IRA on investments that return  just one or two percent or  absolutely nothing. 

 

Is Roth 401k Is The Same As An Ira

Thinking you’re not around to retire next year, you want growth and focused investments for your Roth IRA. Allow’s talk about the three methods to spend in stocks, for your Roth IRA.

  1. 1. The first way to purchase your Roth IRA is to purchase target-date funds
  2. The 2nd method is to purchase index funds.
  3. The 3rd method is to purchase individual stocks.

 So  allow’s go into each of these  individually. 

 Without a doubt the  simplest  financial investment for your Roth IRA is  getting  time frame funds. Target date funds is a mutual fund that contains three to four different index funds inside it. Essentially, it’s a fund of funds.

 Below’s a typical target date fund and you’ll,  generally see a domestic stock fund, a International stock fund, a  mutual fund  and also  typically a small amount in a money market or cash fund. Is roth 401k is the same as an IRA.  That’s what a fund of funds looks like.

A 2055 fund is  mosting likely to be more  greatly weighted towards stocks. Is roth 401k is the same as an IRA.  Its called a 2025 fund, because if you’re intending to retire truly soon, you do not have the high-end of waiting on a healing in the event of a stock market downturn. You’re going to have more bonds, which gives you extra stability and less in supplies.

Target-Date funds  immediately pick a  mix of investments for you, based on your approximate age,  and after that it  adjusts that  mix of investments. As you  come close to retirement age, if more Americans  possessed target-date funds during the last  economic downturn, they  actually would have been  far better off.

Is roth 401k is the same as an IRA.  I recognize it’s a sensitive topic, however when you read about individuals who lost fifty percent of their retired life in the 2008 stock market crash, many of them had way too much of their portfolio in supplies, provided their age as well as or they either offered everything and after that totally missed out on the recuperation. S, ince it’s all age certain, the name of a target date fund is always going to have actually a year attached to it.

The Fidelity Freedom Index 2055 funds. Every target date fund has a target retired life year as part of the name, so finding the ideal one, for you is truly very easy.

 Ramit Sethi, a  individual  money  expert and  very successful author of “I  will certainly teach you to be  abundant”,  suggests target date funds for the  huge  bulk of people. He  speaks about  just how target-date funds are the  supreme  collection it  and also forget it investment  and also they  set you back a lot less than using a robo-advisor. Is roth 401k is the same as an IRA.  Yes, you can accomplish greater returns with other techniques like the ones.I’m going to inform you concerning a little later on. But these various other strategies all need even more job as well as more effort. You don’t get greater returns, putting in less initiative. It’s like more job equals extra returns.

 That’s why target-date funds are the  sensible  option for  many  individuals. In that  feeling, target-date funds are a no-brainer investment  choice for your Roth IRA. 

The  secondly of Roth IRA investments I want to talk about is Index Funds. Is roth 401k is the same as an IRA.  This approach is truly comparable to Target Date Funds, other than it’s a lot more DIY.

The target date fund  provides you a  full optimally  designated portfolio in one  great  plan,  yet with index funds. Is roth 401k is the same as an IRA.  You generally would develop that on your own, so you need to choose an asset allocation, that’s right for you as well as for your age, and after that you need to find index funds to develop that asset allocation.

You  would certainly  additionally  require to rebalance your portfolio once the market moves in order to maintain those percentage asset  allotments,  along with  maintain your  retired life date or your goal date in mind. And readjust your portfolio towards a  extra  conventional allocation  gradually.

 It is a little bit  much more work than a target date fund, because you’re  basically going to do yourself what the target date fund  would certainly do for you.  Is roth 401k is the same as an IRA.  The alternative that is good for you if you want a little bit more control over your investments, a time frame fund. For all you type-a, geeks and also control fanatics out there, you’ll probably desire to do it.

 By doing this, I personally do index funds in  among my accounts  as well as I  do not do  time frame funds,  due to the fact that I  directly want to  comply with an asset allocation that isn’t  supplied by  any kind of  time frame funds. The asset allocation  version that I follow is one  suggested by David Swensen. He’s the  famous portfolio manager of Yale’s, thirty billion dollar endowment fund.

I talk about him a lot  and also he recommends allocating percent in  residential  supplies, 15 % in international  supplies, 10 % in emerging markets, 15 % in  United States Treasuries, 15 % in US inflation-protected Treasuries  and also 15 % in roths or  realty investment trusts.

So this is a portfolio constructed from six different index funds, however if you wish to maintain it easy, you can likewise simply replicate the allocation of a time frame fund. If you look at the Fidelity 2055 fund that we chatted about earlier, you see that they have 60 % in domestic stocks. Is roth 401k is the same as an IRA.  They have concerning 30 percent in an International stock fund and the rest of it in bond and money market funds. So you could just duplicate that asset allocation as well as discover index funds to produce that, and also just do it by yourself.

Really there’s numerous different asset allowances you could select from. There is no person right response, yet you simply intend to understand the benefits and drawbacks of each and afterwards choose something. I selected David Swensen’s asset allocation since I like that it does not have too many eggs in one basket. Is roth 401k is the same as an IRA.
 To put it simply, there’s no  solitary asset  course that dominates the portfolio there’s like at most 30 percent in the domestic  supplies,  yet then  every little thing else is 15 percent in real estate  as well as 15 percent in bonds  as well as 15 percent in emerging markets.

This  suggests that, throughout any  financial cycle or  period  durations of  reduced growth, high  development,  reduced  rising cost of living, low  and also high inflation, my portfolio is positioned to  profit, and yet it’s still  extremely  development focused because most of it it’s  remains in stocks.

It’s actually simply a fancier variation of the normal asset allocation of the majority of target date funds, for a more comprehensive explanation on how to spend in index funds for your Roth IRA make certain to download my Roth IRA spending starter package. The pros and also disadvantages of each allocation, which index funds to purchase and just how much of each index fund to get.

 When you  select an asset allocation,  after that  action is to  locate  inexpensive index funds that fit those  allotments.

The key is to make sure that the expense ratio of the index fund is under 0.2 %,  and also you can even  locate a  great deal of index funds that are  a lot lower than that. If you’re thinking of doing index funds for your Roth IRA then definitely download my Roth IRA investing starter kit. It’s  one more  incredibly popular  choice that I did  especially on Fidelity Index Funds.

 The  3rd  as well as most  sophisticated way to invest your Roth IRA is by  acquiring individual stocks. At the heart of it, the whole idea when  getting individual stocks is that you’re trying to buy  great  firms at a  excellent priceYou don’t  intend to buy  poor  business at a  great price. Is roth 401k is the same as an IRA.  You do not want to get excellent firms at a poor rate. You intend to acquire excellent business at a great price. Undoubtedly that’s easier stated than done, but basically that’s the heart of it and also buying individual stocks is the fastest way to develop wealth.

  It’s  additionally the most labor-intensive  means to  spend your Roth IRA.  There’s a bit of a  discovering  contour  as well as it  needs you to  sort of  find out  just how to  check out  monetary  declarations  as well as  study on  private companies when you’re  checking out individual stocks. To  purchase for your Roth IRA, you would  intend to ask yourself the  complying with  inquiries: do I understand this  firm  and also the industry it’s in. Do I  recognize  just how this company makes money  as well as do I even  recognize what this company’s  company model is  as well as what it takes for it to be  effective. 

 

Is Roth 401k Is The Same As An Ira

 Another question you want to ask yourself is: do you want? Is roth 401k is the same as an IRA.  You additionally desire to ask yourself: does this business have as well much financial obligation, which is really something that would endanger its ability to endure any type of sort of economic slumps.

 This tells you how much a  business owes  about  just how much it owes.  As a whole, you  intend to  purchase companies that  have  two times as  long as it is the  extra it owes relative to what it owes the  much better. Is roth 401k is the same as an IRA.  This is just among the metrics you can consider to see if a firm has excessive financial debt. I chat a lot more about financial obligation metrics in my Roth IRA Investing starter kit so certainly a duplicate.

 If you haven’t  currently,  an additional  inquiry you  wish to ask  on your own is: can I buy this  supply at a  affordable  cost  as well as what’s reasonable is  entirely relative right?  It’s all relative to  just how profitable the company is, the  a lot more  rewarding a  firm is the  much more I’m willing to pay to  possess that  supply. On the flip side, the  much less  lucrative that  firm is the less I’m  ready to pay to own that stock.

One quick method to inform if the supply is trading on a reasonable cost is to look at what’s called the p/e ratio or the rate to revenues proportion. The cost to incomes ratio is a statistics that contrasts the price of the supply split by its revenues per share as well as the reduced the p/e ratio, the more affordable the price is relative to the incomes.

 Once again, my Roth IRA,  spending starter kit  gives detailed instructions on  exactly how to find a  supply’s p/e ratio,  along with  just how to  utilize it to  make great investing decisions.

 

Is Roth 401k Is The Same As An Ira

 Now for some  referrals on  just how to go about  picking which of these  3 Roth IRA  spending  techniques would be best for you.  You  desire to be  sensible  concerning what you’re actually going to do.  There is  absolutely nothing  even more  worthless than an  outstanding investing  technique that you’re not going to  follow up with.  So the  3rd  alternative of  selecting individual stocks  undoubtedly it sounds fun and it can be really lucrative, but 99 % of people are just  chat  below.  They don’t have the time or the  determination to put in that kind of work. 

It’s kind of like if you’re trying to  reduce weight and you  require to  select a  diet regimen  strategy that you would actually  have the ability to do  as well as the results  could not be as sexy or  quick, but  a minimum of it’ll  function.

 Returning to investing, you  wish to pick the  method that you’re  really  mosting likely to do  and also  most of the times,  simply investing in target-date funds, you’re going to end up really  truly wealthy. If you just do that  continually, if you’re a lazy investor – and you  intend to invest the money in your Roth IRA, with as little effort as possible –  select target-date funds. Is roth 401k is the same as an IRA.  If your eyes just polish over at the idea of handling your own investments and searching for index funds and also rebalancing your portfolio, after that don’t require on your own to do something that you do not intend to do.

Life is  as well short for that, so  great deals of  individuals retire millionaires  simply doing target-date funds.  So I  actually recommend target-date funds for the  actual  sort of lazy, hands-off  capitalist. 

 For the  somewhat  a lot more DIY  financier I  suggest index funds. It can be  truly  fulfilling to  discover  various asset  allowances  as well as to  sort of  research the pros and cons of each  and after that to  determine for yourself what you  intend to do  as well as which asset allocation  lines up  one of the most with your  ideas and priorities. I  believe it  truly  provides you a sense of empowerment and control over your  financial resources. Is roth 401k is the same as an IRA.  I such as index funds too and also for the very DIY capitalist I recommend learning exactly how to buy individual stocks.

All of you, type-a nerds  around, learn some  accountancy  terms  and also do a bit of research  and also number crunching. For  any person who  puts in the time to  discover  just how to  analyze individual stocks, it can be  truly rewarding.

These are the 3 truly remarkable means to invest your Roth IRA. Is roth 401k is the same as an IRA.

Is Roth 401k Is The Same As An Ira

A Roth IRA is  totally useless if you  do not, invest the money in your Roth IRA.  Right here, the  top  location for financial education I’m  mosting likely to  review three of the best Roth IRA investments. Is roth 401k is the same as an IRA. Any kind of one of these investments can as well as will certainly make you a tax-free millionaire.

Is Roth 401k Is The Same As An Ira

I’m additionally going to make a suggestion on just how to choose which of these three strategies is best for you. As with numerous things in life, there’s never one ideal answer. Because the very best investment for you might not be the best financial investment for another person. Is roth 401k is the same as an IRA.

 So I  desire you to be as  informed as  feasible  to make sure that you can be  completely control of what  occurs to your money. 

 

 

 If all this sounds  great to you, we’re going to jump right in  given that with the Roth IRA, you’ll never  need to pay taxes on your investment gains. Is roth 401k is the same as an IRA.  It makes good sense to use your Roth IRA for high growth investments, because usually even more earnings equates to even more taxes, however not if those investments are inside your Roth IRA. Not only this, yet the Roth IRA is a lasting lorry, so it additionally doesn’t make sense to invest for Passive revenue in your Roth IRA. You can not access or pull out the cash anyway up until you turn 59 and also a fifty percent.

 So  as opposed to focusing on  easy  revenue in your Roth IRA, why not  concentrate on  development?   This  policies out a lot of investments, for example, Bonds or Money, Market Investments like CDs and short term Treasuries,  and also certainly not cash,  since you  do not want to  squander the tax shield of the Roth IRA on investments that return only one or  2 percent or  absolutely nothing. 

 

Is Roth 401k Is The Same As An Ira

  Assuming you’re not  around to retire next year, you  desire growth and  concentrated investments for your Roth IRA.   Simply put, you want to  purchase stocks.  So,  allow’s  discuss the three  means to  buy  supplies, for your Roth IRA.  Is roth 401k is the same as an IRA.  I’ll initially list, what they are and then I’ll discuss how each one works in order of easiest to the majority of progressed.

  1. 1. The very first means to buy your Roth IRA is to purchase target-date funds
  2. The 2nd way is to get index funds.
  3. The third method is to purchase individual stocks.

 Let’s go into each of these one by one. 

 Without a doubt the easiest investment for your Roth IRA is buying  time frame funds. Target date funds is a mutual fund  which contains  3 to  4  various index funds inside it.  Basically, it’s a fund of funds.

 Below’s a  regular target date fund  as well as you’ll, usually see a domestic stock fund, a International stock fund, a  mutual fund and  normally a  percentage in a money market or cash fund. Is roth 401k is the same as an IRA.  To ensure that’s what a fund of funds appears like.

A 2055 fund is  mosting likely to be more heavily  heavy  in the direction of  supplies. Is roth 401k is the same as an IRA.  Its called a 2025 fund, due to the fact that if you’re preparing to retire really soon, you don’t have the high-end of waiting on a recuperation in case of a stock market downturn. You’re going to have even more bonds, which offers you more security as well as much less in supplies.

Target-Date funds  immediately  choose a blend of investments for you, based on your approximate age,  and afterwards it readjusts that blend of investments. As you approach retirement age, if  a lot more Americans  had target-date funds during the last recession, they  actually would have been  better off.

Is roth 401k is the same as an IRA.  I recognize it’s a sensitive topic, however when you hear about individuals that lost half of their retired life in the 2008 stock market crash, much of them had excessive of their portfolio in stocks, offered their age and or they either sold everything and after that absolutely lost out on the recovery. S, ince it’s every age particular, the name of a time frame fund is constantly going to have actually a year connected to it.

The Fidelity Freedom Index 2055 funds. Every target date fund has a target retirement year as component of the name, so finding the right one, for you is really very easy.

Ramit Sethi, a individual money master and very popular author of “I will teach you to be abundant”, suggests target date funds for the large bulk of people. He speaks about exactly how target-date funds are the utmost set it and also forget it investment and they cost a lot much less than utilizing a robo-advisor. Yes, you can attain greater returns with other approaches like the ones.I’m going to inform you regarding a little later on.

 That’s  normally how it  functions. That’s why target-date funds are the logical  selection for  many people.  Lots of people are  active  specialists, they have  households and all  sort of other things in their life  taking place  as well as they  do not  truly want to manage their investments.  So, in that sense, target-date funds are a no-brainer  financial investment  alternative for your Roth IRA.  

The second of Roth IRA investments I  intend to  discuss is Index Funds. Is roth 401k is the same as an IRA.  This approach is truly comparable to Target Date Funds, other than it’s much more DIY.

The target date fund  provides you a  total  ideally  alloted portfolio in one  great package,  however with index funds. Is roth 401k is the same as an IRA.  You basically would construct that on your own, so you need to pick an asset allocation, that’s right for you as well as for your age, and then you require to discover index funds to construct that asset allocation.

You would  additionally  require to rebalance your portfolio once the market moves in order to maintain those  portion asset allocations, as well as keep your  retired life date or your goal date in mind. And readjust your portfolio  in the direction of a  extra conservative allocation  in time.

 So it is a  bit  a lot more  job than a target date fund,  due to the fact that you’re essentially  mosting likely to do yourself what the target date fund would do for you.  Is roth 401k is the same as an IRA.  The option that is good for you if you want a little even more control over your investments, a target date fund. For all you type-a, nerds and also control freaks out there, you’ll possibly want to do it.

 By doing this, I personally do index funds in one of my accounts  as well as I don’t do target date funds,  due to the fact that I personally  wish to  adhere to an asset allocation that isn’t  provided by  any type of  time frame funds. The asset allocation model that I  comply with is one  suggested by David Swensen. He’s the legendary portfolio manager of Yale’s, thirty billion dollar endowment fund.

I  discuss him a  great deal and he  suggests  alloting percent in domestic  supplies, 15 % in international stocks, 10 % in  arising markets, 15 % in US Treasuries, 15 % in US inflation-protected Treasuries  and also 15 % in roths or real estate investment trusts.

So this is a portfolio made from six different index funds, but if you wish to keep it basic, you can also simply duplicate the allocation of a time frame fund. If you look at the Fidelity 2055 fund that we spoke about previously, you see that they have 60 % in domestic stocks. Is roth 401k is the same as an IRA.  They have about 30 percent in an International stock fund and also the remainder of it in bond and money market funds. So you can just duplicate that asset allocation and locate index funds to produce that, and also just do it on your own.

In fact there’s hundreds of various asset allocations you could select from. There is nobody right answer, however you just wish to comprehend the benefits and drawbacks of each and after that select something. I chose David Swensen’s asset allocation due to the fact that I like that it does not have a lot of eggs in one basket. Is roth 401k is the same as an IRA.
 Simply put, there’s no single asset class that dominates the portfolio there’s like at most 30 percent in the domestic stocks,  however then  every little thing else is 15 percent in  realty  as well as 15 percent in bonds  and also 15 percent in emerging markets.

This means that, throughout  any kind of economic cycle or  period periods of low growth, high  development, low inflation, low and high inflation, my portfolio is positioned to benefit,  as well as yet it’s still very growth  concentrated  due to the fact that  the majority of it it’s is in  supplies.

  It’s really  simply a fancier version of the  common asset allocation of  the majority of target date funds, for a  much more  thorough  description on  just how to invest in index funds for your Roth IRA make sure to download my Roth IRA investing starter  package.  Is roth 401k is the same as an IRA.  It has detailed guidelines on various asset appropriations to select from. The benefits and drawbacks of each allocation, which index funds to acquire as well as how much of each index fund to buy. It’s extremely details comprehensive. As well as it’s an legendary resource that I’ve created just for you and I recognize you’re going to like it.

 As soon as you  choose an asset allocation, then  action is to  locate  low-priced index funds that fit those  allotments.

The  secret is to  see to it that the expense  proportion of the index fund is under 0.2 %,  and also you can  also  discover a  great deal of index funds that are  a lot lower than that. If you’re  thinking about doing index funds for your Roth IRA then  certainly download my Roth IRA investing starter  set. It’s  one more very popular option that I did  especially on Fidelity Index Funds.

 The  3rd  and also most advanced way to  spend your Roth IRA is by buying individual stocks. At the heart of it, the whole idea when  acquiring individual stocks is that you’re trying to buy  excellent companies at a  great priceYou don’t  intend to buy bad  firms at a  great price. Is roth 401k is the same as an IRA.  You don’t wish to buy great business at a bad price. You wish to buy great companies at a great rate. Clearly that’s easier claimed than done, but essentially that’s the heart of it as well as purchasing individual stocks is the fastest method to develop wide range.

 It’s  additionally the most labor-intensive  method to  spend your Roth IRA. To  get for your Roth IRA, you  would certainly want to ask  on your own the  adhering to questions: do I  comprehend this company and the industry it’s in. 

 

Is Roth 401k Is The Same As An Ira

 Another question you  intend to ask yourself is: do you  desire? Do you  rely on the CEO  as well as the  administration  group to do the  ideal thing? You  additionally  intend to ask yourself: does this  firm have  excellent  capital now and in the future,  to ensure that does  entail  checking out the  monetary  declarations  as well as detecting trends and patterns  and also thinking about where the industry’s headed in the future? You also  intend to ask  on your own: does this  firm have too much debt, which is really something that would  jeopardize its  capacity to survive  any kind of  kind of economic downturns. A quick  means to tell whether a company has  excessive  financial obligation  or otherwise, is to  check out a Ratio called the  financial obligation to asset ratio. 

In general, you want to spend in companies that have twice as much as it is the more it owes loved one to what it owes the much better. I speak much more about financial debt metrics in my Roth IRA Investing starter package so most definitely a copy.

 If you haven’t already,  one more question you  wish to ask yourself is: can I buy this  supply at a  practical  cost  and also what’s  affordable is  entirely  loved one right?  It’s all relative to  just how profitable the company is, the  much more  successful a  business is the  much more I’m  eager to pay to own that  supply. On the flip side, the less  lucrative that company is the less I’m willing to pay to  possess that stock.

  So one quick way to  inform if the stock is trading on a  sensible  rate is to look at what’s called the p/e  proportion or the  cost to  incomes ratio.  Is roth 401k is the same as an IRA.  The rate to incomes proportion is a statistics that compares the cost of the stock separated by its revenues per share as well as the reduced the p/e proportion, the cheaper the cost is relative to the incomes. The greater the p/e proportion, the higher or more expensive the stock price is relative to its earnings. To put it simply, a low p/e ratio implies more bang for the buck. Or you’re getting even more incomes for every dollar that you pay for that stock.

 Once more, my Roth IRA,  spending starter  set  offers detailed instructions on  just how to  locate a stock’s p/e  proportion,  in addition to  just how to use it to  make great investing  choices.

 

Is Roth 401k Is The Same As An Ira

  Currently for some  referrals on  exactly how to go  around  selecting which of these  3 Roth IRA  spending strategies  would certainly be best for you. The third option of  choosing individual stocks  certainly it sounds fun  as well as it can be really  profitable, but 99 % of  individuals are  simply talk  below. 

It’s  type of like if you’re  attempting to lose weight  as well as you  require to  pick a  diet regimen  strategy that you would actually be able to do  as well as the results might not be as  hot or  quickly,  yet at least it’ll  function.

Getting back to investing, you  wish to  select the  technique that you’re actually going to do  as well as in most cases,  simply investing in target-date funds, you’re going to  wind up  truly really wealthy. If you  simply do that  regularly, if you’re a lazy investor –  and also you  wish to  spend the money in your Roth IRA, with as little effort as possible –  choose target-date funds. Is roth 401k is the same as an IRA.  If your eyes just glaze over at the thought of handling your own investments and also searching for index funds and rebalancing your portfolio, after that don’t force on your own to do something that you do not wish to do.

Life is  also short for that, so  great deals of people retire millionaires  simply doing target-date funds.  I  actually  advise target-date funds for the very kind of lazy, hands-off  capitalist. 

 For the  a little  much more DIY investor I  advise index funds. It can be really  fulfilling to  discover  various asset  appropriations  as well as to  type of  research the  benefits and drawbacks of each  and afterwards to  choose  on your own what you  intend to do  as well as which asset allocation aligns the most with your beliefs and  top priorities. I  assume it  actually  offers you a sense of empowerment  and also control over your  funds. Is roth 401k is the same as an IRA.  I such as index funds too and also for the really DIY financier I recommend finding out exactly how to purchase individual stocks.

 Every one of you, type-a  geeks  around,  find out some  audit  terms and do a bit of  research study  and also number crunching. For  any individual  that  makes the effort to  find out how to  analyze individual stocks, it can be  truly  satisfying.

These are the three truly awesome means to invest your Roth IRA. Is roth 401k is the same as an IRA.