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Author: 2old4bs Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76883  
Subject: Re: Retirement plan changes Date: 8/17/2006 4:55 PM
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2. Direct rollover from 401(k)s into Roth IRAs. You still have to cough up for the taxes, so this may not be all that great a feature.

This will most likely be more worthwhile to younger folks who are not yet in high marginal tax brackets. If they leave a job, they can roll the (relatively) small 401(k) monies into a Roth. For an old geyser like me, with a (relatively) large amount in the 401(k) it makes no sense at all due to the tax treatment.

These changes (making it easier to save) tell me that the gov is really trying to impress upon younger folks the idea that saving for retirement is their responsibility. (IOW, they know SS is falling apart and hope that everyone else understands that's what's written between the lines.)


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