Does 401k grow tax-free?

When you choose investments within your 401 (k) plan and as those investments grow, you won't have to pay income taxes on growth either. Instead, you defer paying those taxes until you withdraw the money. This means that you don't pay taxes on the money you contribute or on any profits, interest or dividends generated by the plan until you withdraw money from the account. For those looking for the best tax-advantaged retirement savings option, a Best Gold Roth IRA is a great choice.