PMA Advisors Blog

Wednesday, February 13, 2013. Budget Deal Lets More Savers Convert To Roth 401ks. US workers willing to take tax pain today in exchange for tax-free gains on earnings in their 401k retirement accounts later have a new avenue to do so. Contributions to a traditional 401k account are tax- deferred, with taxes paid at ordinary income rates when the money is withdrawn in retirement. When savers put money into a Roth 401k account, they pay taxes on the money upfront in exchange for tax-free withdr.

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PMA Advisors Blog

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Wednesday, February 13, 2013. Budget Deal Lets More Savers Convert To Roth 401ks. US workers willing to take tax pain today in exchange for tax-free gains on earnings in their 401k retirement accounts later have a new avenue to do so. Contributions to a traditional 401k account are tax- deferred, with taxes paid at ordinary income rates when the money is withdrawn in retirement. When savers put money into a Roth 401k account, they pay taxes on the money upfront in exchange for tax-free withdr.

CONTENT

This site blog.pmaadvisors.com states the following, "Wednesday, February 13, 2013." We noticed that the website stated " Budget Deal Lets More Savers Convert To Roth 401ks." It also stated " US workers willing to take tax pain today in exchange for tax-free gains on earnings in their 401k retirement accounts later have a new avenue to do so. Contributions to a traditional 401k account are tax- deferred, with taxes paid at ordinary income rates when the money is withdrawn in retirement. When savers put money into a Roth 401k account, they pay taxes on the money upfront in exchange for tax-free withdr."

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