Visteon has announced that effective January 1, 2011 a Roth 401(k) feature is being added to the VIP 401(k). This Roth feature within the VIP 401(k) gives employees added savings options within their retirement plan. Employees will now have the flexibility to direct contributions among both types of 401(k) accounts as their current and future tax situation dictates. For those VIP participants who are ineligible for a Roth IRA due to income limitations, the addition of the Roth 401(k) feature provides an opportunity to build a tax-free retirement income source.
Visteon also announced, effective immediately, the removal of the 10% maximum on the Spillover election in the VIP.
To discuss the new Roth 401(k) feature, removal of the Spillover election maximum, or your personal situation contact Mainstay Capital Management toll-free at 1-866-444-6246.