General Motors and Delphi Roth 401(k)

General Motors and Delphi have taken a progressive step in improving their 401(k) plans for employees. All eligible hourly and salaried employees now have the opportunity to participate in a Roth savings feature within their 401(k) plan.

We applaud GM and Delphi for taking advantage of this provision in the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). The Roth feature within a 401(k) plan allows employees to “tax diversify” their income sources for retirement. Employees have the flexibility to direct contributions among both types of 401(k) accounts as their current and future tax situation dictates. Additionally, for those GM and Delphi employees who are ineligible for a Roth IRA, a Roth 401(k) provides an opportunity to build a tax-free retirement income source.

If you are wondering whether or not the Roth provision is right for your 401(k) contributions, contact Mainstay Capital Management toll-free at 1‑866‑444‑6246 or visit www.mainstaycapital.com . Mainstay is a fee-only, independent, Registered Investment Advisor that can assist you in all of your 401(k), IRA, and other retirement planning and investing needs. Request a FREE copy of Mainstay Capital Management’s “Roth 401(k) Investment Guide” by calling 1‑866‑444‑6246 or online at www.mainstaycapital.com .

 

"In The News" On The GM and Delphi Roth 401(k)

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