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Reply to "Anyone have a 401k and a MEGA Roth at work?"
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[quote=Anonymous][quote=Anonymous]The Fed gov't is already doing a 18.5K Roth TSP (401K) option minus the need to convert. Are you sure that this isn't a Roth 401K?[/quote] I work in the private sector. This is definitly distinct from our 401k plan wihc is traditional with a generous match. The taxable money for the roth only sits in the 401k until you pull it to convert it into the roth. It is essentially a place to "hold" the money. The money can't go from my hands into the roth or else we would be held to the traditional IRS rules. And thanks to the PP, this is basically what my company is saying they are offering and the idea of saving 70k/yr in retirement is pretty exciting.[/quote]
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