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Icon Mini Profile maddy



Joined: 11 Jan 2006

Posts: 0



0.05 Dollars($)

PostPosted: Wed Jan 11, 2006 12:50 am    Post subject: roth401k

i need few explanations on this as i am not aware of this.

Any help will be highly appreciated.

Thanks.
 
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Icon Mini Profile Samantha
Samantha
Community Mentor
Community Mentor

Joined: 16 Sep 2005

Posts: 1514
Location: MASSACHUSETTS


132.40 Dollars($)

PostPosted: Wed Jan 11, 2006 2:13 am    Post subject: RE:

Hi Maddy,

Roth 401K is a retirement planning option that has come into effect from January 2006. This plan account includes contributions with after-tax dollars.

You will get more information on this plan from our section on Roth 401K

God Bless You.

Thanks.
For MortgageFit,
Samantha.

_________________
Know how to compare lenders with mortgage booklet
 
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from_Oh

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0.10 Dollars($)

PostPosted: Wed Jan 11, 2006 10:13 am    Post subject:

How much time is required for the contribution to be on the plan so that earnings can be tax free?
 
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douglas

Guest







0.10 Dollars($)

PostPosted: Wed Jan 11, 2006 10:18 am    Post subject: RE:

If you want to withdraw the earning from roth 401(k) tax free then you have to be 59 and 1/2 years old and the contribution to the plan should be made for at least five years.
 
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