The days of depending on social security and pensions to maintain the lifestyle you would like to have upon retirement are long gone. In 1978, Congress introduced a traditional individual retirement plan. Since then, Roth IRAs and Roth 401k programs have increased in popularity. The major reason for this is that because you fund your Roth 401(k) with after-tax dollars, the result is a nice retirement income.
In this article about various types of retirement savings plans (RSAs), we take an in-depth look at the Roth 401(k) through a series of questions and answers.