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2005 Penny Rev Unc D by Keeleysam on Wikimedia Commons



Category: Retirement Accounts * IRS Designated Roth 401k
VisitIRS -- Designated Roth Accounts in 401(k) or 403(b) Plans Popular Last Update: Nov/13/2007 15:09
Description:
Beginning in 2006, a 401(k) or 403(b) plan (but not a SARSEP or SIMPLE IRA plan) may permit an employee to irrevocably designate some or all of his or her elective contributions under the plan as designated Roth contributions. See this IRS web page for more information.
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