Roth 401(k) ideal for many saving toward retirement - Jan 16

[roth401k]

Roth 401(k) ideal for many saving toward retirement

Option is best for those expecting to retire in higher tax brackets

By EILEEN ALT POWELL
Associated Press
January 16, 2006

NEW YORK - Many American workers will find something new among the offerings in their company-sponsored retirement savings plans this year — a Roth 401(k) account.

The Roth 401(k) is a cross between traditional 401(k) accounts and Roth Individual Retirement Accounts, or Roth IRAs.

For some savers, the new accounts will be a good choice because the money they invest won't be taxed in retirement.

"The Roth 401(k) is a fantastic opportunity to sock away a lot of money ... that grows tax-free for life," said....


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