I don't know anything about any of this stuff. lol
I would start or else your retirement might never come.
Lets be serious now.
If he teams up with Danny then all of his money is going to go towards fixing crap. Both on cars and the home so hes never going to retire anyway.
Whats the differency between a traditional 401K plan or a Roth?
My company has the option and I am not familiar with this stuff at all, and I really need to learn more about it.
I believe a Roth is tax deductible, and also is tax exempt once it matures. It's a good way to invest for long term while avoiding taxes.
Maybe someone else can elaborate. I'm still learning about IRA and Roth myself.