Glossary entry

English term or phrase:

Designated Roth Contributions

Greek translation:

καθορισμένες εισφορές Roth

Added to glossary by Nikolaos Katris
Apr 30, 2009 13:16
15 yrs ago
6 viewers *
English term

Designated Roth Contributions

English to Greek Bus/Financial Law: Taxation & Customs
Employees Contributions, Designated Roth contributions or insurance premiums.

Από έκθεση ετήσιας προσόδου (annuity report).

Discussion

Nikolaos Katris (asker) Apr 30, 2009:
Designated Roth Contributions Αναφέρεται στις ΗΠΑ.
Ivi Rocou Apr 30, 2009:
Designated Roth Contributions Καλησπέρα. Σε ποια χώρα αναφέρεται το κείμενο;

Proposed translations

+2
4 hrs
Selected

καθορισμένες εισφορές Roth

΄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...

Peer comment(s):

agree Vasileios Paraskevas
1 hr
Ευχαριστώ.
agree Natalia Papasteriadou, LL.M
18 hrs
Ευχαριστώ.
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4 KudoZ points awarded for this answer. Comment: "Ευχαριστώ πολύ!"

Reference comments

22 mins
Reference:

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),
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