Roth vs. Traditional 401(k): Where to Put Your Money for Retirement?
www.wsj.com/personal-finance/retirement/roth-401k-versus-traditional-retirement-1120bd9f
1 Users
0 Comments
2 Highlights
0 Notes
Tags
Top Highlights
Among workers with access to a Roth 401(k), only 17% made contributions to one last year, according to Vanguard Group.
Congress will soon require older, higher-earning workers to put at least some money into a Roth 401(k). A law that goes into effect in 2026 means people ages 50 and older with salaries above $145,000 have to funnel the extra money they can choose to contribute to a 401(k) on top of the $22,500 tax-advantaged limit into a Roth.
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.