As younger generations, including Gen Z and Millennials, start thinking about their financial futures, understanding the best ways to save for retirement is crucial. A recent article by Fortune highlights the growing interest among these age groups in Roth IRAs and 401(k)s as key components of their retirement planning strategies. Here’s what you need to know about these two popular retirement accounts and how they can help secure your financial future. Understanding Roth IRA and 401(k) Accounts Roth IRA : Tax Benefits : Contributions to a Roth IRA are made with after-tax dollars, which means withdrawals in retirement are tax-free, provided certain conditions are met. This can be beneficial if you expect to be in a higher tax bracket when you retire. Contribution Limits : For 2024, the contribution limit for a Roth IRA is $6,000 per year (or $7,000 if you’re age 50 or older). Eligibility : There are income limits for contributing to a Roth IRA. For single filers in 2024, the income li...