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roth401k Site Admin
Joined: 25 Apr 2005 Posts: 182
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Posted: Mon Jul 11, 2005 5:53 pm Post subject: Roths will be available in work 401(k)s - July 11, 2005 |
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Roths will be available in work 401(k)s
July 11, 2005
We've got tips on figuring out if after-tax option is good for you
AMY BALDWIN
Staff Writer
If you're thinking of making a change to your retirement plan, be advised that there's a new option on the horizon.
And it will combine two already-popular investment vehicles: the employer-sponsored 401(k) and the Roth individual retirement account.
It's the Roth 401(k), which companies will be able to offer employees beginning Jan. 1. You might want to get started thinking about whether the Roth 401(k) makes sense for you, because there are several factors to consider.
The Roth 401(k), created by the Economic Growth and Tax Reconciliation Act of 2001, will be a lot like the Roth individual retirement account in terms of contributions and withdrawals. Employee contributions will be made on an after-tax basis. Withdrawals at retirement are tax-free.
With traditional 401(k) accounts, contributions are made pre-tax and you pay taxes when you take out funds as a retiree and are presumably in a lower tax bracket.
While employers won't be required to offer the new Roth 401(k) accounts, most probably will in the first year and almost all of them within a few years, predicted Brad Gilliam, chief marketing officer at RolloverSystems, a Charlotte-based company that provides 401(k) rollover products and services for financial institutions.
"My guess is all the..........
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"roth 401(k)" - Google News
"roth 401(k)" - Google News
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Six Simple Ways to Retire Rich KRIS-TV, TX - Jul 7, 2008 The new Roth 401(k) also offers tax-free income in retirement. Roth IRA contribution limits are the same as for a traditional IRA: $5000 in 2008, ...
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Employers take to Roth 401(k) after slow start InvestmentNews, NY - Jun 30, 2008 By Lisa Shidler More than two years after its creation, the Roth 401(k) is finally gaining traction in company plans, such as those managed by The Hartford ...
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Commonly Asked 401(k) Plan Questions Magazine of Santa Clarita, CA - Jul 1, 2008 A Roth 401(k) is not a type of plan, but rather a type of plan contribution. If a 401(k) plan offers this feature, employees can designate some or all of ...
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Tune Out Bad Financial Advice for Summer Tune-Up Bloomberg - Jul 7, 2008 Also consider starting a Roth 401(k) account, which is funded with after-tax dollars, although retirement withdrawals aren't subject to income tax. ...
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The 401(k) Takes Care Of Business Forbes, NY - Jun 12, 2008 New Roth 401(k) feature allows for after-tax contributions: That's right. New regulations now enable small businesses to make after-tax contributions with ...
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Start Saving With A 401(k) Forbes, NY - Jun 9, 2008 Another option that can be advantageous for the younger crowd is the Roth 401(k), which is offered alongside the traditional 401(k) by a growing number of ...
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Roth can add to the confusion over 401(k)s Orlando Sentinel, FL - Jun 22, 2008 Then there's the Roth IRA and his lesser-known workplace cousin the Roth 401(k) -- you fund both with after-tax dollars, but the money is withdrawn in ...
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Financial Q&A: If a brokerage firm goes broke, will your ... Christian Science Monitor, MA - Jun 29, 2008 Q: I have the option of investing in a conventional 401(k) or a Roth 401(k). My wife also has a conventional 401(k). We both contribute the maximum to our ...
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The Quarter-Life Retirement Plan Kiplinger.com, DC - Jul 3, 2008 More employers are offering a choice between a traditional 401(k) and a Roth 401(k). In this case, go for the Roth. Your contributions with a Roth are taken ...
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Understanding Roth IRA Accounts: Financial Advisor Helps Investors ... PR Web (press release), WA - Jul 1, 2008 Although income levels may prevent opening a Roth IRA, there are a growing number of companies that offer Roth 401(k) investment plans to employees. ...
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