The value of a Roth IRA — or a Roth 401, which is now offered as an option in nearly 90% of employer-sponsored plans and has no income eligibility limits — is to let your money grow and then be withdrawn in retirement tax free. Roth savings can be beneficial if you expect to be in a higher tax bracket than you are now for at least some years in retirement. And given how frequently tax laws change, having a tax-free source of money gives you more financial flexibility.
and SEP IRAs: Both SEP IRAs and IRAs — which are used by small businesses — are now permitted to be designated as Roth IRAs if a small business owner chooses. The provision went into in effect this year. Employer and nonelective matches in 401 plans: Right now, even if you are making your contributions to a Roth 401, any matching contributions from your employer are still treated as tax deferred, meaning you won’t be taxed on them until you start taking distributions from your account.
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