Frenkel Benefits’ Gary Weir, Vice President of Retirement Services, was quoted recently by PLANSPONSOR magazine in an article encouraging tax treatment “diversification” – by exploring Roth contributions – if you haven’t already done so.
Many workers are aware of the Roth option, Gary says. “The few times an employer has started a new plan and not offered a Roth contribution, one of the first questions we get from employees is if they can contribute on a Roth basis.” Gary goes on to point out that:
“qualified retirement plans often add Roth provisions to increase the flexibility and attractiveness of the plan to all workers and to appeal to younger workers or those in a lower tax bracket, for whom the prospect of long-term tax-free gains are more attractive than current tax savings.”
To read the full article in PLANSPONSORS’s E-mag, click here.