When it comes to retirement savings, you have a fair number of choices available to you. One of the more popular options comes in the form of your employer’s 401(k) plan. And these days, a growing number of employers are offering a Roth option to that plan. The question for some people is whether the Roth option with their 401(k) is the right way to go.
Much of that decision revolves around your current, and future, tax situations. In this week’s episode of Managing Your Financial Future, our moderator Johnny Dean speaks with “Professor” Rick Plum, CFP®, about some supposed drawbacks of the Roth 401(k). Do the “cons” really outweigh the “pros” in this case? Get the facts and decide for yourself!
