The Ultimate Retiment Savings Incentive – No Taxes with a 401k Roth
Well, to take away that confusion, or perhaps add to it, depending on how you see it, is the 401k Roth plan, now all of four years old. If you fall into one of those high income brackets up there in the stratosphere, a 401k Roth is for you. It allows you to shore up your savings; and it does not charge you taxes.
The regular 401(k) we all know, basically puts off taxing you on your retirement savings until you are ready to retire. The 401k Roth though, taxes you right then and there as you continue to contribute to it. So what you see before you, is what you get when you retire. The 401k Roth was George Bush’s plan in his first term. So it’s not really new, and enough information has filtered in into society about it so far.
More Info
401k Roth
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically each day to your feed reader.
No comments yet.
Leave a comment
Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>