What is a Roth 401k plan?

Answer Retirement is a portion of everyone's financial life, and your personal planning and preparation define whether this is a pleasant time in your life. There are many ways to help you save for retire... Read More »

Top Q&A For: What is a Roth 401k plan

Can you have a Roth IRA& a 401k plan?

On One Hand: Not Mutually ExclusiveThe Internal Revenue Service does not restrict people to participating in either a Roth IRA or a 401k plan. As long as you have enough earned income to contribute... Read More »

Can I contribute to a Roth IRA& a 401k plan?

As long as you are eligible to contribute, you can contribute to both a Roth IRA and a 401k plan in the same year. Roth IRAs require that your adjusted gross income be below the annual limit, which... Read More »

Does a roth 401k count as a holding period for a roth ira?

When you rollover money from a Roth 401k plan to a Roth IRA, the time in the Roth 401k does not count towards the five year requirement that must be satisfied before qualified distributions can be ... Read More »

What is a qualified withdrawal from a Roth 401k?

A Roth 401k is a retirement account that allows you to withdraw money tax free at retirement. In order to be qualified, withdrawals must meet both time in the account and age restrictions.Time Fram... Read More »