Question
All the following statements concerning a Roth 401(k) plan are true EXCEPT Investment earnings accumulate on a tax-free basis. After-tax dollars are used to fund
All the following statements concerning a Roth 401(k) plan are true EXCEPT
Investment earnings accumulate on a tax-free basis. | ||
After-tax dollars are used to fund the plan. | ||
Qualified distributions at retirement are fully taxable. | ||
Employees at all income levels may contribute to the plan, but annual contributions are limited |
All the following statements concerning a Roth 401(k) plan are true EXCEPT Investment earnings accumulate on a tax-free basis. After-tax dollars are used to fund the plan. Qualified distributions at retirement are fully taxable. Employees at all income levels may contribute to the plan, but annual contributions are limited
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