US News & World Report

5 Benefits of a 401(k) Plan You Haven’t Considered

By Maryalene LaPonsie

Similar benefits are offered through Roth IRAs, but with an important distinction. “Unlike Roth IRAs, Roth 401(k)s don’t have an income limit,” says Nick Holeman, a certified financial planner at Betterment for Business, a 401(k) administrator. What’s more, workers can contribute more to a Roth 401(k) than a Roth IRA, which caps annual contributions at $5,500 for younger workers and $6,500 for those age 50 and older.

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This article originally published September 13th, 2018 on US News & World Report.

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