SEND THIS ARTICLE TO A FRIEND

Beginning in January of 2006, a brand new retirement savings plan will be unveiled called the Roth 401k.  This new plan allows for "after-tax" contributions as opposed to "pre-tax" dollars with a traditional 401k.  Upon withdrawal at retirement, no tax is due, which is not the case with a 401k, since the tax has been deferred and is due at retirement.  Check with your employer to see if the Roth 401k will be implemented; a recent survey shows that 31% of employers will offer it.