Sunday, January 8, 2006

401K Roth IRA

You may have already caught wind of this, but there is a new critter in the investment world  -  the 401K Roth IRA.  I currently have a Roth IRA through Vanguard Investments ( not within my 401K ) and I'm a strong proponent of Roths.

The new Roth 401K allows you to contribute up to $15,000/yr instead of the $4,000 restriction on a normal Roth IRA.  The Roth 401K will be available for the next five years unless Congress extends this period through legislation.

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