22. Consider a Roth 401(k)

Many people don’t realize that their savings might be taxable during retirement, and this could be especially painful if you find out too late. The same can be said about most 401(k) assets.

However, your employer might have a Roth option available, which you should certainly look into. Here’s why.

Let’s assume you have $200,000. If you’re in a 25% tax bracket, that takes your savings down to $150,000 instead. But if that money comes from  401(k) Roth, you’ll get to keep all $200,000. That’s because you’ve already paid taxes when you deposited the money, and you can’t pay them twice.