In the course, Jeremy said something along the lines of having a Roth IRA (6k) and Roth 401k/403b (19k) and both can be up to ~25k. For some reason, I was always under the impression that you can only contribute 6k to a Roth account/year.
I saw in the IRA vs 401 (k) and Roth vs traditional you wrote:
“The tax statuses for the 401(k)s are exactly as above. Traditional is not taxed now, Roth is not taxed later. Most 401(k)s are Traditional, but more companies are offering the Roth version now too.”
So just like a Roth IRA, a Roth 401k/403b is taken after taxes AND you are not taxed on either the principle or the money it has made over time later? Is there a catch, why does this seem too good to be true?