A Roth 401(k) is an employer sponsored retirement plan that makes it easy for employees to save after-tax dollars for retirement through payroll contributions. Roth is well-suited for people anticipating being in a higher tax bracket during retirement.
- Contributions are not tax deductible
- Qualified distributions are tax-free
- No income limitations like Roth IRAs
- Additional catch-up contributions can be made if older than age 50
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