Comments on: The Most Common Roth 401K Misconception

By: Britt (Your Roth IRA)

Britt (Your Roth IRA) — Tue, 21 Jul 2009 17:42:17 +0000

And not only that, but Roth 401k contributions are NOT tax deductible like regular 401k contributions, so you could end up keeping yourself in a higher tax bracket than might have been the case otherwise. Again, whether or not it makes sense to contribute to any given retirement account really depends on the individual financial circumstances of the person in question…

By: emergency cash

emergency cash — Wed, 15 Jul 2009 22:29:12 +0000

You can add this misconception also.

Don’t think that once you leave your former employer that it will be so easy to transfer your 401k.

My former employer was so upset that I left the company that they gave me a hard time and stalled on purpose when I asked them to transfer my funds into my new employers plan.

They help out for almost 1 full year before I got my money.

By: 401(k)

401(k) — Mon, 06 Jul 2009 07:34:06 +0000

My 401K investment strategy was simple, I moved my money to a safe haven, the stable value bond fund. After the market stopped bottoming out and I saw what I considered a sustained leveling off and some signs of life out there, I started incrementally moving money back into the stock index funds.

Thank you for your great article.

By: G.E. Miller

G.E. Miller — Tue, 30 Jun 2009 00:51:14 +0000

@ Allen – That’s correct.

By: allen

allen — Mon, 29 Jun 2009 05:41:48 +0000

so, wait, if you had a 401(K) Roth, then you would be investing in both a ROTH account & a traditional 401(k) account at the same time?

That’s awesome! takes the effort out of trying to split your money into two separate accounts… _IF_ i’m reading that right.

Not that it matters right now, for me, seeing as I am unemployed & all.