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in nearly 90% of employer-sponsored plans and has no income eligibility limits — is to let your money grow and then be withdrawn in retirement tax free.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.
Remember when all you worried about was mean tweets? Now your drowning in bills and lie after lie!
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