When it comes to trying to build a retirement nest egg to at least a $1 million balance, one account type stands out above all others: the Roth 401(k). Indeed, that type of plan has so much going for it that the Roth 401(k) is my favorite account for building a millionaire retirement.

Between high contribution limits, automatic investments directly from your paycheck, great tax benefits, and the possibility of an employer match, they can be an awesome way to build wealth. In addition, recent changes mean that Roth 401(k) plans are no longer subject to required minimum distributions for the original account owner. That change means that rather than just a great wealth-building tool, a Roth 401(k) can now be an incredibly powerful financial tool throughout your adult life.

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Source Fool.com