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How to decide if a Roth 401(k) is right for you
Posted: 04.19.2012 at 11:43 PM
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Read more: Economy, Money, Finance, Finances, Financial Advice, Money Advice, Retirement Advice, Retirement Information, Investment Advice, Stocks, Stock Market, Stock Market Advice, Stock Market Information, Stock Market Closings, Stock Closings, Retirement Resources, Planning for Retirement, Budget, Creating a Budget, Budget Advice, Financial Advice for Families, Financial Advice for Seniors, Money Matters
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Author: Dave Boike, Retirement Resources If you're relatively young with an eye toward saving for retirement and you don't earn a great deal of money, a Roth 401(k) may be worth exploring, as the upfront tax-savings benefits wouldn't be as significant to you as a tax-free payout in retirement. Conversely, if you're an established earner in a higher tax bracket, getting up-front tax-advantaged treatment is probably best, making the traditional 401(k) your most likely option. This is especially true for individuals who expect to be in a significantly lower tax bracket when they retire.
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