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Your best tax-free move: the Roth 401(k) is the latest strategy in the campaign against financial insecurity.(RETIREMENT INCOME)
- Article from:
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Kiplinger's Retirement Planning Guide
- Article date:
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September 22, 2007
- Author:
- McCormally, Kevin
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Copyright informationCOPYRIGHT 2007 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WORKERS HAVE SO MANY DECISIONS TO MAKE when it comes to saving for retirement, some investment pros worry that analysis paralysis could condemn us to doing nothing. If you're susceptible to such foolishness, skip this story. It's about yet another option--the Roth 401(k). But if you care about squeezing the most out of your retirement savings, read on. This may be the best of all possible choices.
The Roth 401(k) was slow to take off when it debuted last year, in large part because the law that created it also called for the curtain to fall after 2010. Many employers simply weren't interested in buying into a fly-by-night tax break. But now that ...