From: Will Trice
Newsgroups: misc.invest.financial-plan
Subject: Re: Roth 401k ?
Date: Thu, 24 Mar 2005 09:35:02 CST
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Roth 401(k)s were created as part of W's 2001 EGTRRA tax package. That
law said that beginning in 2006, employers would have the option of
having 401(k) accounts whose contributions are treated as Roth
contributions (after-tax contributions, tax-free growth and withdrawal).
Employees with the option will be able to choose to save within a
401(k) or the Roth 401(k) or both. You don't get to double up on your
contribution limit, however. The contribution limit applies to the
total that is put into both accounts.
Anyone have an employer that is planning on starting a Roth 401(k) plan
(might be too early in 2005 to know...)?
-Will
Winter wrote:
> What is the status of the Roth 401k? Is it definitely coming and only
> a matter or time or is it in the proposal stage and needs to be
> approved by Congress or what is the review and approval loop?
>
> How would/will the availability of the Roth 401k change the
> investing/saving landscape.
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