Tyler? Yep. Looks like you'll be retiring with $5 million in your Roth 401k. Yep. Okay, so you'll owe us... Nothing. But this is a 401k, you have to owe us something. No, it's a Roth 401k. I paid taxes back when I was in a lower tax bracket. Now I just sit back and take advantage of 40 years of tax-free growth. You were only allowed to contribute $6,500 a year. It's a Roth 401k. I was allowed to contribute $22,500 per year plus a $7,500 catch-up clause after 50. Oh, and my company's 6% match. Free money. So $36,000 a year of tax advantages? Yep. How did that turn into $5 million? Compound interest, my man. Come on, we've talked about this. Well, you still have to take RMDs on that Roth because it's a 401k. Not anymore, I don't. Thanks to the Secure Act 2.0, I don't ever have to take RMDs on this type of 401k. Well, that's not in my notes. That's why I'm here, helping you get better each and every day. Thank you? You bet. Now run along.

Discover how contributions and tax-free growth in a Roth 401k can lead to a retirement nest egg of $5 million. Learn about the benefits of compound interest and recent changes in RMD requirements.