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New Law Allows Roth 401(k) Conversions
Tweet Share on Facebook October 8, 2010 CommentThe 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.
