You’ve heard of the Roth IRA, but you may not have heard of the Roth 401(k). This is a new twist to the employer-sponsored retirement account that will be going into effect on January 1, 2006. Your total 401(k) contribution limits won’t change, but like the Roth IRA, the money you contribute to the Roth 401(k) will be after taxes have been taken out and will grow tax free.
Updated March 5, 2014 and originally published February 10, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.