The Tax Efficiency of Taxable Assets, Traditional 401(k)/IRAs, and Roth 401(k)/IRAs: The Traditional Is a Joint Venture Between the Employee/Retiree and the Government, with the Employee/Retiree's Interest a "Roth" Within.

Autor:	Wang, William K. S.
Předmět:	401(K) plans INDIVIDUAL retirement accounts JOINT ventures ASSETS (Accounting) INCOME tax deductions CAPITAL gains tax
Zdroj:	ABA Tax Times; Jun2023, Vol. 42 Issue 3, p16-20, 5p
Abstrakt:	6 In addition to a standalone Roth, some employers offer another option for "after-tax 401(k) contributions" which the employee can quickly convert into a Roth IRA or Roth 401(k) and thereby annually contribute even more to a Roth. If the employee/retiree's estate pays federal estate tax on a traditional account, the "income with respect to decedent" (IRD) income tax deduction for the employee/retiree's descendants will mitigate this unfairness. [Extracted from the article]
Databáze:	Complementary Index
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