Is the new Roth 401(k) option right for you? - Jan 30, 2006

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Is the new Roth 401(k) option right for you?

'Today' financial editor Jean Chatzky lays out the pros and cons, and offers tips for managing your retirement plans

By Jean Chatzky
“Today” financial editor
Updated: 10:01 a.m. ET Jan. 30, 2006

Here's one financial fact there's no debating: Employers are shifting more responsibility for your retirement to you. That means it's your job to examine options for socking money away and figure out which one (or ones) is right for you. One new item on the menu this year bears particular attention.

It's called a Roth 401(k) and it is — like it sounds — a hybrid of a Roth IRA and a traditional 401(k). As with a Roth Individual Retirement Account, you contribute to a Roth 401(k) with.......

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