Only one savings plan gives you the chance to free yourself from taxes in retirement. Are you making the most of it?
Until you change jobs or retire, you typically can't roll your 401(k) into a Roth IRA. And you can't convert your plan into a Roth 401(k). But between jobs or at retirement (at 55 or older), you're free to switch your 401(k) to a Roth IRA as long as your income allows it ($100,000 or less until 2010). New in 2008: You no longer have to first roll it over into a traditional IRA and then convert it. You can now go directly.
NEXT: How do taxes work with Roth conversions?