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Daniel Has Accepted a New Job and Is Reviewing the Retirement

Question 1609

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Daniel has accepted a new job and is reviewing the retirement plan information. He has a choice of participating in the company's conventional Sec. 401(k) plan or a Roth 401(k) plan. Explain the difference between the two plans in terms of employee contributions and retirement distributions from the plan.

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Under the conventional Sec. 401(k) plan,...

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