Summary
Starting in January, employers will have the option of offering a new vehicle for retirement savings: the Roth 401(k).
Combining aspects of the traditional 401(k) with the tax benefits of a Roth IRA, the new account allows employees to contribute after- tax dollars that can be withdrawn tax-free at retirement.See the full content of this document
Extract
New Retirement Savings Vehicle: Roth 401(K)
If you like the Roth IRA, you'll love the Roth 401(k)! said Barry Picker, a CPA and financial planner in Brooklyn, N.Y., who is a Roth IRA expert.
Ed Slott, a CPA in Rockville Centre, NY, who publishes the newsletter Ed Slott's IRA Advisor, agreed.I ...See the full content of this document
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