IRS Offers New Guidance on Roth 401(k) Rollovers

As the name implies, the "Roth 401(k)" is a hybrid retirement plan that an employer can provide to its employees. This type of plan combines several elements of traditional 401(k) plans with Roth IRA features in designated accounts. Now, the IRS has issued new guidance on rolling over funds from a traditional 401(k) account to a Roth account within the same plan (Notice 2013-74). IRS Continue Reading