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.