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Originally Posted by chubychecker
There are a few things to clear up.
1. There is no income limit for the Roth 401k. This is not like the roth Ira where there is a maximum income limit.
2. In 2010 a conversion is available to everyone. Currently you can only convert if you meet certain income limitations. However, the conversion amount is still taxable at your income tax rate. You can spread this out over 2 years though if I'm not mistaken.
3. Real estate; although a good investment does not have anywhere close to the long term performance of the stock market. Over the last 30 years Real-estate has returned a little less than 5% a year compared to almost 13% for the S%P. Real estate is a very trendy investment right now; much like technology was 6-7 years ago. Watch out.
4. Roth IRA's 401k's are great investments. I have to disagree with you on this one al. Especially if you are young. A 30 year old will double his contributions likely at least 4 times before they retire. Would you rather pay taxes on $100 now or $1600 later. Even though many of us will be making less money when we are retired, we don't know what the tax brackets of the future will be. Also as al mentioned the IRS doesn't force minimum distributions on the Roth. They are also great for passing on money to heirs. If you were to pass away with a large traditional IRA, your heirs are forced to maintain distributions on that money. Thus uncle sam becomes a partner on their inheritance. The roth passes tax-free.
401k's are great investments, if you believe otherwise it is simply because you are uneducated of the great benefits.
Be safe; and don't put all your eggs in one basket.
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I thought there was a limit to how much a company could match? I seem to recall it being around 16K has that changed?