3.4.  Roth 401(k)

Roth 401(k) plans are retirement plans that have similarities to both Roth IRAs and 401(k) plans. As with a Roth IRA, participants make after-tax dollar contributions to the account. Provided participants are over 59 1/2 years old and have had the account for five years or more, withdrawals are tax-free. Income earned in the account will not be taxed, even at withdrawal.

Roth 401(k) plans resemble traditional 401(k) plan