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Roth 401(k) vs. Roth IRA: What Is the Difference?

Patriot Software

Are you thinking about offering retirement plans at your small business? There are a lot of retirement options to choose from. Two common retirement plans for employees are individual retirement arrangement/account (IRA) plans and 401(k) plans.

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What is a 401(k) Plan and How Does it Work?

HR Digest

Having a retirement plan is an important aspect of financial planning. One popular way to get your retirement plan sorted in the United States is through a 401(k) plan. A 401(k) plan is a type of retirement account offered by employers to their employees.

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Roth IRA vs 401(K): Which Should You Choose?

HR Digest

You probably have come across the occasional Roth IRA vs 401(k) comparisons to pick your retirement account. Maybe your company offers matching funds or doesn’t offer any retirement plan at all. Nevertheless, it’s an arduous task to choose the best retirement account. What is a Roth IRA?

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Introduction to 401(k)s for small businesses

Business Management Daily

Setting up a 401(k) for employees can be a daunting task for small business owners. It’s important to take care of the people that work to keep your business alive, and helping them plan for their retirement is a great way to do that. What is a 401(k)? Do employers have to offer a 401(k) to employees?

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Congress passes SECURE 2.0 Act, making important changes to 401(k)s

Business Management Daily

Act of 2022 —90+ provisions focused on 401(k) and other retirement plans. Congress has chosen to pay for it by mandating that plans offering certain 401(k) features, like catch-up contributions, be made on an after-tax, Roth basis. Auto-enrollment plans. which was enacted in 2019.

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Roth vs Traditional 401K – Which is Best?

Stratus.HR

Did you know your 401K account offers two distinct ways to save? Knowing which one to use depends on whether it makes more sense for you to delay paying taxes on your savings until retirement (Traditional) or paying them today (Roth). Traditional 401K. A Traditional 401K is sometimes referred to as the pre-tax option.

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Employee Focused Retirement Plans

HR Professionals Magazine

As an HR professional, you might read that title and think, “Duh – aren’t all retirement plans focused on employees?” As pensions have gone by the wayside and 401(k) plans have gained more notoriety, employees have become increasingly more aware of their employer sponsored retirement plans, and the financial benefits they provide.