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The New Roth 401(k) Offers Retirement Savings with a Different Tax Treatment

Published Sunday, March 16, 2008
by Barclay Rushton

By now, you’ve probably heard of the ROTH IRA which allows people to set aside after- tax funds in a retirement account. Those funds grow in value and can be withdrawn at retirement with no tax consequences, provide d you’re at least 59 ½ and you’ve held the account for five years or more. The Roth IRA limit for 2005 is $4,000 or $5,000 for those 50 and the article.

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