Roth IRA vs. Roth 401(k) for the Self-Employed
WASHINGTON, DC – Jan. 27 (SEND2PRESS NEWSWIRE) — Under new tax rules that took effect in January 2006, employees can ask their company to save part of their wages in a Roth 401(k). However, independent contractors, the self-employed, and business owners with no employees can establish their own Solo 401(k) with a Roth feature – (Solo Roth 401k) – right away, according to Daniel Lamaute, retirement plan specialist, with Lamaute Capital.