Discuss the Roth 401k

Roth401kJune 5, 2005

Retirement done right. Or is it? You can pay now and save later with a Roth 401(k). The new Roth 401(k) retirement plan is basically a traditional 401(k) that is not bound by income thresholds, and is supplemented with the Roth IRA benefit of tax-free growth and withdrawals.

Roth 401(k) plans become effective January 1, 2006, and will allow you to contribute after-tax earnings into an employer 401(k). The contributions you make will grow tax-free, forever. When you make withdrawals from a Roth 401(k), you will owe no tax. None. Is a Roth 401(k) right for your retirement? You make the choice.

Here is a link that might be useful: Roth 401k Forum

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retirerich

It seems there are two major advantages to the Roth 401k:
- Good to save more on a net basis given the current contribution limits
- Good if one does not currently qualify for an Roth IRA account.

I found a website about the new Roth 401k that has really good and detailed information: www.roth401k-center.com

Here is a link that might be useful: www.roth401k-center.com

    Bookmark   July 6, 2005 at 1:03AM
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