As the name suggests, a Roth 401(k) combines features of the traditional 401(k) with those of the Roth IRA. It’s offered by employers like a regular 401(k) plan, but as with a Roth IRA, contributions are made with after-tax dollars. While you don’t get an upfront tax-deduction, the account grows tax-free, and withdrawals taken during retirement aren’t subject to income tax, provided you’re at least 59 1/2 and you’ve held the account for five years or more.
The Roth 401(k) can offer advantages to high-income individuals who haven’t been able to contribute …

The Oracle of Omaha became the world’s richest person by adhering to simple but critical tenets. Here are his rules for smart living and savvy investing.  Last year’s market madness didn’t just flush away $7 trillion in wealth.  It also washed away a lot of investors’ confidence and left them stumped about the best position to take now.  “Somewhere between cash and fetal,” quips one pessimist.  In such downbeat times, let’s consider a dose of optimism, wisdom and insight: the basics as taught by that perennial investing Yoda, Warren Buffett.
For …