Steve is a senior executive earning $350,000 annually at All-Green Insurance Company. He recently learned...
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Finance
Steve is a senior executive earning $350,000 annually at All-Green Insurance Company. He recently learned that All-Green will be offering a Roth account as part of their 401(k) plan. Which of the following statements is correct about a Roth accounts as part of a 401(k)?
A. Funds in a Traditional 401(k) cannot be rolled into a Roth Account.
B. Steves Roth Account in his 401(k) wont require RMDs until after his death.
C. Steve will be able to contribute to a Roth 401k Account, whereas otherwise, he would be unable to contribute to a Roth IRA.
D. Since he is highly compensated there will be no company match
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