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Greetings Jim,

I was just browsing thru a magazine at the bookstore and came across mention of something new called a "Roth 401k" which will supposedly be available to employers this year.

I think you're off by a year. From :
"Roth 401(k)s are pretty much what they sound like -- a twist on the traditional 401(k) that allows workers to make after-tax contributions to their plans and take out those contributions and their earnings, tax free, in retirement.

Congress authorized Roth 401(k)s way back in the 2001 tax reform package but pushed the implementation date off to 2006.

You won't get to contribute more to your plan. The total that can be contributed would remain the same ($14,000 this year, $15,000 in 2006). But the worker can opt to make part or all of their contributions after-tax to get tax-free treatment later."

From :
"The Roth 401(k) was included in the tax bill passed by Congress on 5/26/01, but will not go into effect until 1/1/2006. ",1,3806924.column?track=rss&coll=bal-business-headlines&ctrack=2&cset=true has some more details as well.

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