To Roth or Not To Roth – That is the Question Part 1

Posted on March 30, 2012. Filed under: For Employers, For Individuals | Tags: , , , , , , , , , , , |

We here at RJ20 like to provide as much information in an easy to understand format for all who want to learn. So with this in mind we are going to start a series on the “Roth 401k” and understanding what it is, how it works and whether it is for you. I recently reviewed an article that discussed the various aspects of the public’s understanding between the differences of a regular or “Traditional IRA” and the “Roth IRA”. Some of the statistics that were referenced in the article, such as 21% of the study believed that Roth IRA’s allowed for tax-deductible contributions or “pre-tax contributions” may be a shock to some but in our opinion does not surprise us and that is because it is very easy to get the rules between the two confused. So you can imagine that when an employer offers the Roth 401k option along with the regular 401k option most people are scratching their heads and we have not even touched on which one is better for that particular person. So what we hope to accomplish with this blog series is to take the complication out of these choices and help you figure out which one is right for you and at the very least give you enough knowledge so that you make informed decisions. The next blog in this series will cover the differences in the Roth 401k vs Traditional 401k.

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