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Meet the new 401(k) - Boston Globe - August 28, 2005

Roth 401(k) Forum Forum Index -> Roth 401k News, Articles, and Information

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roth401k
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Joined: 25 Apr 2005
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Posted: Mon Aug 29, 2005 12:05 am Post subject: Meet the new 401(k) - Boston Globe - August 28, 2005

Meet the new 401(k) Your options for saving money for retirement are about to grow By Leonard Wiener, Globe Correspondent \| August 28, 2005 The lure for participating in a 401(k) retirement plan is being turned on its head. Since 401(k)s took off two decades ago to become the primary plans at many firms, the big attraction has been an immediate cut in income tax. The share of salary an employee directs to a 401(k) is excluded from taxable income, as are any matching contributions by the employer. Put $7,000 of a $70,000 salary into a 401(k) and you only report $63,000 of taxable salary to the IRS, an immediate payoff that can lead to a bigger tax refund when you file your return. It's when you make withdrawals of the deposits and the account's investment earnings that tax is due. Starting Jan. 1, employers will be allowed to offer a new type of 401(k) that turns things around by letting you...... ENTIRE ARTICLE HERE

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"roth 401(k)" - Google News
Google News

5 differences between a Roth IRA and a Roth 401k - Bankrate.com

Benzinga
5 differences between a Roth IRA and a Roth 401k
Bankrate.com
"The contribution limits are the same as the traditional 401(k) limits, so with the Roth 401(k) you can get much more money into the plan than into an IRA," ...
A Roth rolloverMarketplace (blog)

all 29 news articles »
Reader mailbag: Should I contribute to a Roth 401(k)? - Christian Science Monitor

Christian Science Monitor
Reader mailbag: Should I contribute to a Roth 401(k)?
Christian Science Monitor
My work is now offering a Roth 401(k) option in addition to the normal 401(k). We're down to one income right now so I reduced my contribution to 6% which ...

and more »
How to take penalty free withdrawals from an IRA or 401k - Bankrate.com

Bankrate.com
How to take penalty free withdrawals from an IRA or 401k
Bankrate.com
The same rules apply to a Roth 401(k), but only if the employer plan permits. In certain situations, a traditional IRA offers penalty-free withdrawals even ...

and more »
Changing jobs? Take your 401(k) and roll it - The Daily Advertiser

Changing jobs? Take your 401(k) and roll it
The Daily Advertiser
If you take a full distribution you'll be taxed, at ordinary income tax rates, on the entire value of your account except for any after-tax or Roth 401(k) ...

and more »
Home-buyer credit is Exhibit A in tax complexity - Middle East North Africa Financial Network

Home-buyer credit is Exhibit A in tax complexity
Middle East North Africa Financial Network
A Roth 401(k) and a Roth IRA sound similar -- and they are. Contributions are made after taxes and earnings can be taken out tax-free after either five ...

and more »
How to Tell if You Are Saving Enough for Retirement - U.S. News & World Report

How to Tell if You Are Saving Enough for Retirement
U.S. News & World Report
No income tax is due on Roth 401(k) and Roth IRA distributions in retirement because you already paid tax on that money before it was deposited. ...

and more »
TSP: Getting Bigger & Better - FederalNewsRadio.com

TSP: Getting Bigger & Better
FederalNewsRadio.com
Roth 401(k) Option: The TSP will offer a Roth 401(k) (not a Roth IRA) option beginning in late 2011 and effective with the first pay period in January, ...
2010 Roth Conversion - Carolina Weekly

2010 Roth Conversion
Carolina Weekly
It also made permanent the Roth 401(k), which would otherwise not have been available after 2010. Even if you don't qualify to make Roth IRA contributions ...

and more »
Timeline for TSP's Roth option discussed - FederalNewsRadio.com

Timeline for TSP's Roth option discussed
FederalNewsRadio.com
"We invited in various companies that provide services related to Roth 401(k)'s. To give you an idea of how complex this is, 'industry day' turned into ...
A quick look at retirement accounts - Bankrate.com

Bankrate.com
A quick look at retirement accounts
Bankrate.com
There are no income eligibility limits for Roth 401(k) plans. Limited to the plan your employer designs/selects. May or may not be able to borrow. ...

Yahoo! News Search Results for "roth 401(k)"
Yahoo! News Search Results for "roth 401(k)"

Roth IRA, 401(k): What's the difference? (Bankrate.com via Yahoo! Finance)
Though they share the same name, the Roth 401 is a different animal from the Roth IRA.
Contribution amounts (Bankrate.com)
The most distinguishing characteristic of 401(k)s, whether Roth or traditional, is the high contribution limit, allowing employees to squirrel away up to $16,500 per year. For workers over 50, the ceiling is $22,000.
Penalty-Free 401(k), IRA Withdrawals (Fox News)
Unfortunately, the government imposes a 10 percent penalty on any withdrawals before age 59½. Some early distributions qualify for a waiver of that penalty, for instance hardships, higher education expenses and buying a first home.
A new twist on 401(k) question (Deseret News)
Some questions resonate throughout the ages.
More Than One-Third of Eligible Investors Working with Tax Advisors Are Expected to Complete a Roth IRA Conversion by ... (Business Wire via Yahoo! Finance)
BOSTON----A Fidelity Investments® study1 finds 40 percent of investors working with tax advisors are now eligible to take advantage of the recent removal of income limits for Roth IRA conversions, up from just 13 percent last year.
First draw from emergency fund (Bankrate.com)
Any thoroughly researched discussion on early withdrawals from a retirement account should begin with a firm reminder on the importance of keeping an ample emergency fund.
Retire in style (KIVI Boise)
Plan for the end of your working years so that you can live them out in style.
Retire in style (KMIR 6 Palm Springs)
As much as you may love your job, perhaps you'd rather be living out your retirement fantasies - like sipping highballs with Latin-sounding names while putting for a quadruple bogey on a golf course in Guam, for example.
Reader mailbag: Should I contribute to a Roth 401(k)? (The Christian Science Monitor)
Lots of questions this week dealing with the workplace. Let?s dig in. My work is now offering a Roth 401(k) option in addition to the normal 401(k). We?re down to one income right now so I reduced my contribution to 6% which still gets me the full company match.
SCOTT BURNS: Flexibility about spending and standard of living important in retirement (Daily Breeze)
This year, I will turn 52 and my wife 51. We have about $120,000 in college expenses left, plus a wedding and rehearsal dinner ($40,000). Property taxes, car/home insurance and HOA dues are about $23,000 a year. No debt or spousal income. Good health. What do I need to do to retire by 60?