Got 401(k)?
Many employees take advantage of their company's 401(k) program (if you don't, you should!) But now many companies are offering Roth 401(k)s. The main difference is that with the traditional 401(k), you contribute pre-tax dollars and pay taxes when you withdraw. With the Roth, you pay taxes now and withdraw tax-free after you're 59 1/2 years old. Only our contributions will be put in the Roth account; any employer matches will go to a pre-tax account, just like the traditional 401(k). U.S. News and World Report has an online comparison guide to help you decide which program is the best for your money and retirement plans.