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Designated Roth Contributions

Greek translation: καθορισμένες εισφορές Roth

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	Designated Roth Contributions
Greek translation:	καθορισμένες εισφορές Roth
Entered by:	Nikolaos Katris

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13:16 Apr 30, 2009

English to Greek translations [PRO]
Bus/Financial - Law: Taxation & Customs

English term or phrase: Designated Roth Contributions

Employees Contributions, Designated Roth contributions or insurance premiums.

Από έκθεση ετήσιας προσόδου (annuity report).

Nikolaos Katris KudoZ activity Questions: 87 (1 open) (20 without valid answers) (3 closed without grading) Answers: 2 Greece
Local time: 07:23

καθορισμένες εισφορές Roth

Explanation:
΄Η εισφορές Roth που έχουν ορισθεί

Δείτε:
A Roth IRA is an Individual Retirement Arrangement (IRA) allowed under the tax law of the United States. Named for its chief legislative sponsor, the late Senator William Roth of Delaware, a Roth IRA differs in several significant ways from other IRAs.

http://en.wikipedia.org/wiki/Roth_IRA

Και αυτό:
What is a designated Roth contribution?

A designated Roth contribution is a type of elective deferral that an employee can make to a §401(k) or 403(b) plan.
With a designated Roth contribution, the employee irrevocably designates the deferral as an after-tax contribution that the employer must deposit into a designated Roth account. The employer includes the amount of the designated Roth contribution deferral in the employee’s gross income at the time the employee would have otherwise received the amount in cash if the employee had not made the election. It is subject to all applicable wage-withholding requirements. The law does not allow designated Roth contributions in SARSEP or SIMPLE IRA plans.

http://www.irs.gov/retirement/article/0,,id=152956,00.html#c...

Selected response from:

Ivi Rocou
Greece
Local time: 07:23

Grading comment

Ευχαριστώ πολύ!
4 KudoZ points were awarded for this answer

Summary of answers provided
4 +2	καθορισμένες εισφορές Roth	Ivi Rocou

Summary of reference entries provided
	liz askew

Discussion entries: 2

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4 hrs confidence:

peer agreement (net): +2

designated roth contributions

καθορισμένες εισφορές Roth

Ivi Rocou
Greece
Local time: 07:23
Works in field
Native speaker of:

Greek,

English
PRO pts in category: 4

Grading comment

Ευχαριστώ πολύ!

Reference comments

22 mins

Reference

Reference information:
Roth 401(k)
From Wikipedia, the free encyclopedia
Jump to: navigation, search

The Roth 401(k) is a type of retirement savings plan. It was authorized by the United States Congress under the Internal Revenue Code, section 402A,[1] and represents a unique combination of features of the Roth IRA and a traditional 401(k) plan. As of January 1, 2006 U.S. employers have been free to amend their 401(k) plan document to allow employees to elect Roth IRA type tax treatment for a portion or all of their retirement plan contributions. The same change in law allowed Roth IRA type contributions to 403(b) retirement plans. The Roth retirement plan provision was enacted as a provision of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA 2001),

liz askew
United Kingdom
Native speaker of:

English

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Designated Roth Contributions

Greek translation: καθορισμένες εισφορές Roth

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Designated Roth Contributions

Greek translation: καθορισμένες εισφορές Roth

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