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Roth 401k Forum
Discuss the new Roth 401k now available as of January 1, 2006
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roth401k Site Admin
Joined: 25 Apr 2005 Posts: 182
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Posted: Tue Jan 17, 2006 1:47 am Post subject: Roth 401(k) ideal for many saving toward retirement - Jan 16 |
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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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