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The 401k is not taxed but the Roth 401k will be best in the long run as the money you get out wont be taxed then.
form_title=Roth 401k form_header=Start investing in your retirement by opening up a Roth 401k account. Find a personal finance expert to help you reach your retirement goals! Do you know the difference between a standard and Roth 401k plan?*= () Yes () No Do you currently have money invested in another 401k plan?*= () Yes () No Are you interested in converting a 401k to a Roth IRA?*= () Yes () No Does your employer match your contributions to any Roth 401k plans?*= () Yes () No
The difference in a Roth 401K and a regular 401K retirement is perhaps the benefits that they bring out. They might also have different rates and requirements.
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no limitantion
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Roth accounts are better because you do not have to pay taxes on the growth. However, if you are above the income limit to contribute to a Roth, a 401K is better than nothing. If possible, invest in both.
The 401k is not taxed but the Roth 401k will be best in the long run as the money you get out wont be taxed then.
form_title=Roth 401k form_header=Start investing in your retirement by opening up a Roth 401k account. Find a personal finance expert to help you reach your retirement goals! Do you know the difference between a standard and Roth 401k plan?*= () Yes () No Do you currently have money invested in another 401k plan?*= () Yes () No Are you interested in converting a 401k to a Roth IRA?*= () Yes () No Does your employer match your contributions to any Roth 401k plans?*= () Yes () No
Roth IRA contributions are not affected by 401k contributions in any way. The max contribution for 2008 was $5000 ($6000 if age 50 or above). This is of course assuming you fall within income requirements for a Roth IRA.
The difference in a Roth 401K and a regular 401K retirement is perhaps the benefits that they bring out. They might also have different rates and requirements.
The difference between a Roth 401k and a regular 401k is that the Roth 401K is a after-tax contribution and the regular 401K is a pre-tax contribution. You pay taxes on the Roth 401K now in order to avoid taxes at withdrawal. The regular 401 is a tax credit for the year deposited with taxes paid at the time of withdrawal.
There is one main difference between a 401k and a Roth IRA. The maximum contribution limit for a 401k is about three times that of an IRA.
In a 401k roth plan a person can decide to contribute before or after taxes, which is not available in a regular 401k. This can be very beneficial to some people.