Buzz 10/05 Overpaying on hotel stays, earning less if you're unattractive and more
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Fans of the Roth IRA may want to think about acting on aprovision in the Economic Growth and Tax Relief Reconciliation Actof 2001 that lets employers offer employees a similarretirement-savings vehicle within their 401(k) plans beginning in2006.
As with a Roth IRA, a Roth 401(k) enables taxpayers tocontribute after-tax retirement savings that then grow and aredisbursed, tax-free, in retirement. Open to taxpayers at all incomelevels, Roth 401(k)s can be a powerful retirement tool for businessowners and employee participants, who are able to direct up to$15,000 into any combination of a regular 401(k) and the Roth401(k).