Nov 17

When Are Roth Solo 401(k) Distributions Taxed?

When Are Roth Solo 401(k) Distributions Taxed?Generally, distributions from a designated Roth Solo 401(k) account are excluded from gross income if they are (1) made after the employee attains age 59 1/2 , (2) “attributable to” the employee being “disabled,” or (3) made to the employee’s beneficiary or estate after the employee’s death. However, the exclusion is denied if the distribution occurs within five years after the employee’s first designated Roth contribution to the account from which the distribution is received or, if the account contains a rollover from another designated Roth account, to the other account. Other distributions from a designated Roth account are excluded from gross income under Internal Revenue Code 72 only to the extent they consist of designated Roth contributions and are taxable to the extent they consist of trust earnings credited to the account.

Please contact one of our 401(k) Experts at 800-472-0646 for more information.

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Oct 05

How Are Roth 401(k) Distributions Taxed?

How Are Roth 401(k) Distributions Taxed?All distributions from Roth 401(k) plans are either qualified distributions or nonqualified distributions. If the distribution is a qualified distribution, the early distribution tax does not apply. Qualified distributions must satisfy two key elements – 1) The account must have been open for at least five years and 2) you must be at least age 59 1/2. The early distribution tax applies only to those distributions that are subject to income tax. Because all qualified distributions from Roth 401(k) Plans are tax free, they are also exempt from the early distribution tax as well.

 

A “ qualified distribution” from a Roth IRA is excluded from gross income. To be qualified, a distribution must satisfy both of the following requirements:

  • It must not occur before the fifth taxable year following the year for which a Roth IRA contribution was first made by the taxpayer or the taxpayer’s spouse.
  • It must be made after the account owner reaches age 59 1/2 or becomes disabled, be made to the owner’s beneficiary or estate after the owner’s death, or be a “qualified special purpose distribution.”

For more information about the benefits of the Roth 401(k) plan, please contact a 401(k) Expert from the IRA Financial Group @ 800.472.0646.

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Mar 28

Avoiding Required Minimum Distribution Rules With A Roth 401(k) Plan

Here’s another article from Forbes by our own Adam Bergman –

In the case of a 401(k) qualified retirement plan, when one reaches the age of 70 1/2, a 401(k) plan participant generally is required to start taking taxable withdrawals, also known as required minimum distributions (“RMDs”) from their 401(k) plan.  The same RMD rules apply to pre-tax IRAs, SIMPLE IRAs and SEP IRAs.  However, Roth IRAs, which consists of after-tax contributions and which can generate tax-free returns, do not require RMDs until after the death of the owner or his/her spouse. This exception to the RMD rules for Roth IRAs allow for some tax planning opportunities.

Avoiding Required Minimum Distribution Rules With A Roth 401(k) PlanNot all employer sponsored 401(k) plans offer a Roth component.  For employer sponsored 401(k) plans that offer a Roth option, eligible employees generally have the option to make pre-tax as well as Roth employee deferral contributions. Under 401(k) plan rules, a plan participant who reached the age of 70 1/2 would be required to take RMDs on both the pre-tax and Roth amounts. RMDs are the minimum amount one must withdraw from the retirement account each year.  RMD withdrawals will be included in the plan participant’s taxable income except for any part that was taxed before (basis) or that can be received tax-free (such as qualified distributions from designated Roth accounts).

The RMD amount for any given year is the total account balance in the retirement account as of the end of the immediately preceding calendar year (12/31) divided by a distribution period as set forth by the IRS each year. Accordingly, if a plan participant nearing or over the age of 70 1/2 has a Roth 401(k) account in a 401(k) plan, the individual can directly rollover the Roth funds to a Roth IRA tax-free prior to 12/31 leaving the Roth 401(k) account with a zero balance and, thus, avoiding the RMD rules since a Roth IRA is not subject to the RMD rules.

For example, Jen is sixty-nine years old and has $185,000 in her employer sponsored Roth 401(k) plan.  If Jen left the Roth 401(k) funds in the 401(k) plan she would become subject to the RMD rules at 70 1/2.  However, if Jen elected to directly rollover the Roth 401(k) plan funds tax-free into a Roth IRA prior to 12/31, she would be able to avoid the RMD rules and, thus, gain the opportunity to continue increasing the value of the Roth account without having to take yearly withdrawals.

For a participant in an employer sponsored 401(k) plan who has a Roth account and is nearing or over the age of 70 1/2, understanding the Roth 401(k) and Roth IRA RMD rules and exceptions could help further advance the overall value of the Roth account as well as offer some potentially valuable estate planning opportunities.

For more information about the Roth 401(k), please contact us @ 800.472.0646.

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Mar 08

New Podcast – How to Get Around the RMD Rules With a Roth 401k Plan

IRA Financial Group’s Adam Bergman discusses strategies for circumventing or delaying RMDs with a Roth 401k Plan.

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Click Here to Listen

 

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Jan 30

Why You Should Go Roth with Your Solo 401k

The Roth Solo 401K Plan is the ultimate tax-free retirement solution for the self-employed. With federal and state income tax rates expected to increase in the future, gaining the ability to generate tax-free returns from your retirement investments when you retire is the last surviving legal tax shelter. With a Roth Solo 401K you can make almost any investment tax-free, including real estate, tax liens, precious metals, currencies, options, and private business investments and once you hit the age of 59 1/2 you will be able to live off your Roth 401K assets without ever paying tax. Imagine if someone told you that if you started making Roth 401K contributions in your forties and by just generating a modest rate of return, you could have over a million dollars tax-free when you retire. With a Roth 401K, live off the Roth 401K investment income tax-free or take a portion of your Roth 401K funds and use it for any purpose without ever paying tax.

The Roth Solo 401K Plan Advantages

Power of Tax-Free Investing: One of the main attractions to the self-directed Roth Solo 401(k) plan is based on the fact that qualified distributions of Roth earnings are tax-free. As long as certain conditions are met and the distribution is a qualified distribution, the Roth solo 401(k) plan participant will never pay tax on any Roth distributions received. The advantage of contributing to a Roth solo 401(k) plan is that income and gains generated by the Roth 401(k) investment can be tax-free and penalty-free so long as certain requirements are satisfied. Unlike with a pre-tax solo 401(k) plan contributions, contributions to a Roth solo 401(k) are not tax deductible.

Why You Should Go Roth with Your Solo 401kThe power of tax-free investing can be best illustrated by way of the following examples:

Example 1: Joe, a self-employed consultant began funding a Roth solo 401(k) plan with $3,000 per year at age 20 and would continue on through age 65. At age 65 Joe would wind up with $2.5 million at retirement (assuming they earn the long-run annual compound growth rate in stocks, which was 9.88 percent from 1926 to 2011). Not a bad result for investing only $3,000 a year.

Example 2: Ben, a self-employed real estate agent, who is 30 years began funding a Roth solo 401(k) plan with $8000 and wanted to know how much he would have at age 70 if he continued to make $8000 annual contributions and was able to earn at an 8% rate of return. Ben did some research and was astonished that at age 70 he would have a whopping $ 2,238,248 tax-free which he can then live off or pass to his wife or children tax-free.

Example 3: Mary, a self-employed real estate investor, who is 35 years began funding a Roth solo 401(k) plan with $13000 and wanted to know how much she would have at age 70 if she continued to make $13000 annual contributions and was able to earn at a 10% rate of return, which she felt was possible based off her past real estate investment returns. Mary did some research and was astonished that at age 70 she would have a whopping $ 3,875,649 tax-free which she could then live off or pass to her husband and children tax-free.

I am sure it may be hard for some of you to comprehend that putting away just a few thousand dollars a year in a Roth Solo 401(k) plan can leave you with millions of dollars tax-free. It’s as simple as making annual contributions to your Roth Solo 401(k) Plan and then generating tax-free returns from making real estate or other investments with your solo 401(k) plan.

High Contributions: A Roth Solo 401(k) combines features of the traditional 401(k) with those of the Roth IRA. Like a Solo 401K Plan, the Roth Solo 401K Plan is perfect for any self-employed individual or small business owner with no employees. The Roth Solo 401K Plan contains the same advantages of a Solo 401(k) Plan, but as with a Roth IRA, contributions are made with after-tax dollars. While you don’t get an upfront tax-deduction, the Roth 401K account grows tax-free, and withdrawals taken during retirement aren’t subject to income tax, provided you’re at least 59 1/2 and you’ve held the account for five years or more.

The Roth Solo 401(k) can offer advantages to self-employed individuals who wish to maximize their ability to generate tax-free retirement savings while receiving the ability to invest in real estate, precious metals, private businesses or funds tax-free and without custodian consent.

Unlike a Roth IRA, which limits individual Roth IRA contributions to $5,500 annually ($6,500 if the individual is 50 years or older), in 2017, with a Roth Solo 401(k) account, an individual can make Roth (after-tax) contributions of up to $18,000, or $24,000 for those 50 or older by the end of the year — allowing individuals to stock away thousands of dollars more in tax-free retirement income than they would through a Roth IRA.

A Roth Solo 401(k) is perfect for sole proprietors, small businesses and independent contractors such as consultants. The Roth Solo 401(k) plan is unique and so popular because it is considered the last remaining legal tax shelter available. There are so many features of the Roth Solo 401(k) plan that make it so appealing and popular among self-employed business owners.

Unlimited Investment Opportunities: With a Roth 401(k) Plan or Roth 401(k) plan sub-account, you can invest your after-tax Roth 401(k) Plan funds in real estate, precious metals, tax liens, private business investments, and much more tax-free! Unlike with a pre-tax 401(k) Plan, with a Roth 401(k) account, all income and gains would flow back tax-free to your account. As long as you have reached the age of 59 1/2 and have had the Roth 401(k) account opened at least five years, you can take Roth 401(k) Plan distributions tax-free. In other words, you can live off your Roth 401(k) Plan assets or income tax-free. With federal income tax rates expected increase, the ability to have a tax-free source of income upon retirement may be the difference between retiring early or not.

Loan Feature: While an IRA offers no participant loan feature, the Roth Solo 401k allows participants to borrow up to $50,000 or 50% of their account value (whichever is less) for any purpose at a low interest rate (the lowest interest rate is Prime which is 3.75% as of 1/1/17). This offers a Roth Solo 401(k) Plan participant the ability to access up to $50,000 to use for any purpose, including paying personal debt or funding a business.

Offset the Cost of Your Plan with a Tax Deduction: By paying for your Solo 401(k) with business funds, you would be eligible to claim a deduction for the cost of the plan, including annual maintenance fees. The deduction for the cost associated with the Solo 401(k) Plan and ongoing maintenance will help reduce your business’s income tax liability, which will in-turn offset the cost of adopting a self-directed Solo 401(k) Plan. The retirement tax professionals at the IRA Financial Group will help you take advantage of the available business tax deduction for adopting a Solo 401(k) Plan.

Cost Effective Administration: In general, the Roth solo 401(k) plan is easy to operate. There is generally no annual filing requirement unless your solo 401(k) plan exceeds $250,000 in assets, in which case you will need to file a short information return with the IRS (Form 5500-EZ).

Exemption from UDFI: When an IRA buys real estate that is leveraged with mortgage financing, it creates Unrelated Debt Financed Income (“UDFI”) – a type of Unrelated Business Taxable Income (also known as “UBTI” or “UBIT”) on which taxes must be paid. The UBTI tax is approximately 40% for 2017. Whereas, with a Roth Solo 401(k) plan, you can use leverage without being subject to the UDFI rules and UBTI tax. This exemption provides significant tax advantages for using a Roth Solo 401(k) Plan versus an IRA to purchase real estate.

To learn more about the Roth Solo 401(k) Plan, please contact a 401(k) expert at 800-472-0646.

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Sep 15

Rolling Over a Roth 401k to a Roth IRA and Vice Versa

Can I rollover the Roth 401(k) Plan to a Roth IRA?

Yes. You are permitted to roll over your Roth 401(k) plan assets into a Roth IRA. If you elect to do this, the assets can be transferred in a trustee-to-trustee transfer (also known as a direct rollover) to avoid mandatory income tax withholdings on the earnings.

Can I rollover a Roth IRA to a Roth 401(k) Plan?

No. Although you are permitted to roll over the assets of a Roth 401(k) plan to a Roth IRA, you may not do the reverse.

If you have any questions concerning rollovers, please contact us @ 800.472.0646.

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Aug 04

Roth Option in a Self-Directed 401(k) Plan

The Roth Solo 401K Plan is the ultimate tax-free retirement solution for the self-employed. With federal and state income tax rates expected to increase in the future, gaining the ability to generate tax-free returns from your retirement investments when you retire is the last surviving legal tax shelter. With a Roth Solo 401K you can make almost any investment tax-free, including real estate, tax liens, precious metals, currencies, options, and private business investments and once you hit the age of 59 1/2 you will be able to live off your Roth 401K assets without ever paying tax. Imagine if someone told you that if you started making Roth 401K contributions in your forties and by just generating a modest rate of return, you could have over a million dollars tax-free when you retire. With a Roth 401K, live off the Roth 401K investment income tax-free or take a portion of your Roth 401K funds and use it for any purpose without ever paying tax.

The Roth Solo 401K Plan Advantages

Power of Tax-Free Investing: One of the main attractions to the self-directed Roth Solo 401(k) plan is based on the fact that qualified distributions of Roth earnings are tax-free. As long as certain conditions are met and the distribution is a qualified distribution, the Roth solo 401(k) plan participant will never pay tax on any Roth distributions received. The advantage of contributing to a Roth solo 401(k) plan is that income and gains generated by the Roth 401(k) investment can be tax-free and penalty-free so long as certain requirements are satisfied. Unlike with a pre-tax solo 401(k) plan contributions, contributions to a Roth solo 401(k) are not tax deductible.

The power of tax-free investing can be best illustrated by way of the following examples:

Example 1: Joe, a self-employed consultant began funding a Roth solo 401(k) plan with $3,000 per year at age 20 and would continue on through age 65. At age 65 Joe would wind up with $2.5 million at retirement (assuming they earn the long-run annual compound growth rate in stocks, which was 9.88 percent from 1926 to 2011). Not a bad result for investing only $3,000 a year.

Example 2: Ben, a self-employed real estate agent, who is 30 years began funding a Roth solo 401(k) plan with $8000 and wanted to know how much he would have at age 70 if he continued to make $8000 annual contributions and was able to earn at an 8% rate of return. Ben did some research and was astonished that at age 70 he would have a whopping $ 2,238,248 tax-free which he can then live off or pass to his wife or children tax-free.

Example 3: Mary, a self-employed real estate investor, who is 35 years began funding a Roth solo 401(k) plan with $13000 and wanted to know how much she would have at age 70 if she continued to make $13000 annual contributions and was able to earn at a 10% rate of return, which she felt was possible based off her past real estate investment returns. Mary did some research and was astonished that at age 70 she would have a whopping $ 3,875,649 tax-free which she could then live off or pass to her husband and children tax-free.

I am sure it may be hard for some of you to comprehend that putting away just a few thousand dollars a year in a Roth Solo 401(k) plan can leave you with millions of dollars tax-free. It’s as simple as making annual contributions to your Roth Solo 401(k) Plan and then generating tax-free returns from making real estate or other investments with your solo 401(k) plan.

High Contributions: A Roth Solo 401(k) combines features of the traditional 401(k) with those of the Roth IRA. Like a Solo 401K Plan, the Roth Solo 401K Plan is perfect for any self-employed individual or small business owner with no employees. The Roth Solo 401K Plan contains the same advantages of a Solo 401(k) Plan, but as with a Roth IRA, contributions are made with after-tax dollars. While you don’t get an upfront tax-deduction, the Roth 401K account grows tax-free, and withdrawals taken during retirement aren’t subject to income tax, provided you’re at least 59 1/2 and you’ve held the account for five years or more.

The Roth Solo 401(k) can offer advantages to self-employed individuals who wish to maximize their ability to generate tax-free retirement savings while receiving the ability to invest in real estate, precious metals, private businesses or funds tax-free and without custodian consent.

Unlike a Roth IRA, which limits individual Roth IRA contributions to $5,500 annually ($6,500 if the individual is 50 years or older), in 2016, with a Roth Solo 401(k) account, an individual can make Roth (after-tax) contributions of up to $18,000, or $24,000 for those 50 or older by the end of the year — allowing individuals to stock away thousands of dollars more in tax-free retirement income than they would through a Roth IRA.

A Roth Solo 401(k) is perfect for sole proprietors, small businesses and independent contractors such as consultants. The Roth Solo 401(k) plan is unique and so popular because it is considered the last remaining legal tax shelter available. There are so many features of the Roth Solo 401(k) plan that make it so appealing and popular among self-employed business owners.

It's Time To Let 401(k) Holders Invest Like the ProsUnlimited Investment Opportunities: With a Roth 401(k) Plan or Roth 401(k) plan sub-account, you can invest your after-tax Roth 401(k) Plan funds in real estate, precious metals, tax liens, private business investments, and much more tax-free! Unlike with a pre-tax 401(k) Plan, with a Roth 401(k) account, all income and gains would flow back tax-free to your account. As long as you have reached the age of 59 1/2 and have had the Roth 401(k) account opened at least five years, you can take Roth 401(k) Plan distributions tax-free. In other words, you can live off your Roth 401(k) Plan assets or income tax-free. With federal income tax rates expected increase, the ability to have a tax-free source of income upon retirement may be the difference between retiring early or not.

Loan Feature: While an IRA offers no participant loan feature, the Roth Solo 401k allows participants to borrow up to $50,000 or 50% of their account value (whichever is less) for any purpose at a low interest rate (the lowest interest rate is Prime which is 3.50% as of 12/21/15). This offers a Roth Solo 401(k) Plan participant the ability to access up to $50,000 to use for any purpose, including paying personal debt or funding a business.

Offset the Cost of Your Plan with a Tax Deduction: By paying for your Solo 401(k) with business funds, you would be eligible to claim a deduction for the cost of the plan, including annual maintenance fees. The deduction for the cost associated with the Solo 401(k) Plan and ongoing maintenance will help reduce your business’s income tax liability, which will in-turn offset the cost of adopting a self-directed Solo 401(k) Plan. The retirement tax professionals at the IRA Financial Group will help you take advantage of the available business tax deduction for adopting a Solo 401(k) Plan.

Cost Effective Administration: In general, the Roth solo 401(k) plan is easy to operate. There is generally no annual filing requirement unless your solo 401(k) plan exceeds $250,000 in assets, in which case you will need to file a short information return with the IRS (Form 5500-EZ).

Exemption from UDFI: When an IRA buys real estate that is leveraged with mortgage financing, it creates Unrelated Debt Financed Income (“UDFI”) – a type of Unrelated Business Taxable Income (also known as “UBTI” or “UBIT”) on which taxes must be paid. The UBTI tax is approximately 40% for 2016. Whereas, with a Roth Solo 401(k) plan, you can use leverage without being subject to the UDFI rules and UBTI tax. This exemption provides significant tax advantages for using a Roth Solo 401(k) Plan versus an IRA to purchase real estate.

To learn more about the Roth Solo 401(k) Plan, please contact a 401(k) expert at 800-472-0646.

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Jul 12

How Should a Solo 401(k) Plan Trustee Administer a 401(k) Plan with Roth Contributions?

A trustee of a Solo 401(k) Plan with a qualified Roth contribution program must establish separate accounts including only designated Roth contributions and “earnings properly allocable to the contributions,” and the plan administrator must maintain separate records for these accounts. Since distributions from accounts containing elective deferrals are included in distributees’ gross income, while distributions from accounts containing designated Roth contributions are generally excluded from gross income, an employee’s designated Roth contributions cannot be commingled with elective deferrals. Forfeitures may not be allocated to Roth accounts.

How Should a Solo 401(k) Plan Trustee Administer a 401(k) Plan with Roth Contributions?The Roth Solo 401K Plan is the ultimate tax-free retirement solution for the self-employed. With federal and state income tax rates expected to increase in the future, gaining the ability to generate tax-free returns from your retirement investments when you retire is the last surviving legal tax shelter. With a Roth Solo 401K you can make almost any investment tax-free, including real estate, tax liens, precious metals, currencies, options, and private business investments and once you hit the age of 59 1/2 you will be able to live off your Roth 401K assets without ever paying tax. Imagine if someone told you that if you started making Roth 401K contributions in your forties and by just generating a modest rate of return, you could have over a million dollars tax-free when you retire. With a Roth 401K, live off the Roth 401K investment income tax-free or take a portion of your Roth 401K funds and use it for any purpose without ever paying tax.

For more information about, or to set up, a Roth Solo 401K, please contact us @ 800.472.0464 today.

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May 24

6 Ways Roth 401(k)s Differ From Roth IRAs

Here’s another great article from usnews.com talking about the differences between Roth 401(k)’s and Roth IRAs:

When you contribute after-tax dollars to a Roth 401(k) or Roth IRA, your money grows without the drag of taxes each year and you can set yourself up for tax-free withdrawals in retirement. However, there are some important distinctions between these two accounts that could have important implications for your retirement finances. Here’s are some of the major ways the rules differ between Roth 401(k)s and Roth IRAs.

How to participate. You can only participate in a Roth 401(k) if your employer provides one. Companies are increasingly adding a Roth 401(k) to their retirement benefit plans. Over half (56 percent) of Vanguard 401(k) plans had a Roth option in 2014, up from 42 percent in 2010. However, not many employees elect to use this benefit. Only 14 percent of workers save in the Roth 401(k) when it’s offered.

Roth IRAs are available to people with earned income whose adjusted gross income is less than $132,000 for individuals and $194,000 for married couples in 2016. Eligibility to contribute the full amount to a Roth IRA starts to be phased out if your adjusted gross income tops $117,000 for individuals and $184,000 for married couples.

401(k)s have bigger contribution limits. Roth 401(k)s have a much higher contribution limit than Roth IRAs. You can save as much as $18,000 in a Roth 401(k), and make catch-up contributions worth an additional $6,000 if you’re age 50 or older. Savers can only contribute up to $5,500 to a Roth IRA, and the catch-up contribution is limited to another $1,000.

IRAs have a later contribution deadline. Roth 401(k) deposits generally need to be made during the calendar year. You can make Roth IRA contributions up until your tax filing deadline in April. However, you will need to indicate which tax year you would like your Roth IRA contribution to be applied to. If you don’t specify otherwise, Roth contributions will be automatically applied to the calendar year in which the deposit is made.

Your 401(k) match will go in a separate account. Some employers match Roth 401(k) contributions, but the company contribution won’t be put in the Roth account. The 401(k) match will be deposited in a traditional 401(k) account, and you will owe income tax on the employer contributions and the investment earnings when you withdraw the money from the account. There’s no option to get a match on your Roth IRA contributions.

Roth IRAs don’t have withdrawal requirements. One of the major perks of saving for retirement in a Roth IRA is that there are no withdrawal requirements in retirement. The earnings will continue to grow tax-free until you withdraw the money or pass it on to your heirs. However, distributions from Roth 401(k)s are typically required each year after age 70 ½. If you are still working for a company you don’t have an ownership stake in, you can delay withdrawals from the Roth 401(k) until you actually retire.

Different application of the early withdrawal penalty. If you need to tap into your Roth account savings before age 59 ½, you might need to pay a 10 percent early withdrawal penalty on the portion of the withdrawal that comes from investment earnings. And that penalty is applied differently depending on what type of account the money is being withdrawn from.

When you take an early withdrawal from a Roth IRA, your nontaxable contributions to the account are distributed before the taxable earnings. If you don’t withdraw more than the amount you contributed to the account you won’t owe income tax on the distribution. Early withdrawals from Roth 401(k)s are prorated between contributions and investment earnings, so a portion of an early Roth 401(k) distribution is likely to be taxable. However, you might be able to get around the tax if you instead take a loan from your Roth 401(k), which is not a taxable event unless you don’t repay the loan on time. Loans are not allowed from IRAs.

Both a Roth 401(k) and Roth IRA can be used to create tax-free retirement income. The money in these accounts can be withdrawn without tax implications once you are age 59 ½ and the account is at least 5 years old. However, it’s important to pay close attention to the quirks in the rules before selecting which type of Roth account to use.

For more information about Roth 401(k) Plans, please contact a Retirement Expert at the IRA Financial Group @ 800.472.0646 today!

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Mar 21

Can a Roth 401(k) Plan Exist on its Own?

Employers can also establish a special type of 401(k) plan called a Roth 401(k). This plan is similar to a traditional 401(k) plan in that it allows employees to defer salary in to the plan. The difference relates to the tax treatment. Contributions to traditional 401(k) plans are tax deductible while contributions to Roth 401(k) plans are not tax deductible. Whereas, the tax benefits for Roth 401(k)s come when you take distributions, which will be tax free so long as certain requirements are satisfied.

Can a Roth 401(k) Plan Exist on its Own?

However, a Roth 401(k) Plan is simply an option that can be added to a traditional 401(k) Plan. A Roth 401(k) Plan cannot exist on its own.

The IRA Financial Group Solo 401(k) Plan does allow for Roth contributions.

For more information about the Roth 401(k) Plan, please contact us @ 800.472.0646.

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