• Roth 401(K) is a type of employer-sponsored retirement savings plan.
  • Contributions to Roth 401(k) are tax deductible, but income and withdrawals after retirement are tax deductible.
  • You must take at least the required minimum hands after you turn 72.
  • Contribution limits are adjusted annually for inflation and are announced annually by the IRS.
  • Penalties apply if you withdraw funds before you turn 59.5 or if you have held the account for less than five years.