221 | You Don't Need a Roth to Retire

This might be hard to believe (because it's where most financial advice begins and ends), but you don't need a Roth IRA to retire.

And you don't need a 401(k) either.

Just ask the wealthiest people around where most of their wealth sits - it's neither of those spots.

It's easy for the type of account to distract us from what is happening with our finances.

The income that gets saved is the gas being pumped into the car.

The account where it is saved is unleaded 87 versus unleaded 89 - a basic shuffling of costs between now and later.

An extra quarter tank of gas is how you ensure you reach the destination - not a fuel upgrade.