Roth 401k-New Retirement Planning for 2006

Guest 0.10 Dollars($)

You mentioned the difference in a 401k & the new Roth 401k, but what's the diff. in the traditional Roth vs the new Roth 401k.

Guest 0.10 Dollars($)

Hi,

I think the difference is that Roth 401(k) accounts will be subject to the contribution limits of regular 401(k)s — $15,000 for 2006, or $20,000 for those 50 or older by the end of the year — allowing savings more in tax-free retirement income than they would through a traditional Roth IRA. (In 2006, Roth IRA contributions are limited to $4,000 a year, or $5,000 for those 50 or older.)

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