Patriot Software

OCTOBER 17, 2022

Two common retirement plans for employees are individual retirement arrangement/account (IRA) plans and 401(k) plans. Maybe you are considering establishing a Roth, or post-tax contribution, retirement plan. What is the difference between Roth IRA […] READ MORE.

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HR Digest

MARCH 28, 2023

In recent years, some employers have started to offer a Roth 401(k) option, which allows employees to contribute after-tax dollars to their accounts. The advantage of a Roth 401(k) is that withdrawals in retirement are tax-free, as long as certain conditions are met.

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HR Digest

JULY 9, 2022

You can open a Roth IRA with any financial institution, including bank accounts, investment brokerages, and mutual funds. What is a 401(k) plan? A Roth 401(k) is an account in which contributions are taken directly from the paychecks of employees. It was established by the Taxpayer Relief Act of 1997.

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Business Management Daily

JANUARY 5, 2023

Accounts must be set up as Roth after-tax accounts. Once the cap is reached, additional contributions can be directed into employees’ Roth 401(k) accounts (if they have one) or stopped until the balance falls below the cap. Roth 401(k) provisions. Roth 401(k)s, however, aren’t quite as generous.

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Stratus.HR

MARCH 30, 2021

What you won’t know is how much future tax you’ll have to pay on the dollars invested in a Traditional 401K. The Roth option is sometimes referred to as the post-tax option because you pay taxes on the income you earn and then make the contribution into the Roth portion of your 401K.

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HR Professionals Magazine

SEPTEMBER 2, 2021

You may be surprised, or not, to hear that some plans don’t even offer the Roth option. The key between a Traditional or Roth 401(k) boils down to when the participant will pay taxes. A good rule of thumb is the younger you are, the more beneficial a Roth 401(k) can be.

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Business Management Daily

MARCH 21, 2022

It is worth noting that Simple 401(k)s do have lower contribution limits though, so employees may not be able to set aside as much as they would like. Roth 401(k). A Roth 401(k) is another option with different tax implications.

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