Retirement plans is that plan distributions are never taxed

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Reference no: EM131948919

1. If you participate in a Roth 401(k), though, the amount you contribute to does not reduce your taxable income or your current income taxes. But when you withdraw funds from your Roth 401-K after you retire, these funds are tax-free, provided you're at least 59½ and your account has been open at least five years . True or False?

2. The great thing about 401(K) retirement plans is that plan distributions are never taxed. True or False?

3. There are no limits to how much an employer can contribute to an employee’s 401(K) plan each year. True or False?

Reference no: EM131948919

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