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October 8, 2010
The Small Business Jobs Act of 2010, signed by President Obama last week, may boost Roth 401(k) balances. A little-known provision of the new law, which went to affect on Sept. 27, 2010, allows workers to convert their traditional 401(k) or 403(b) account to a Roth in the same plan if their employer offers one. Employees must pay income tax on the amount converted.