The question seems to garner a lot of discussion around tax time in April. The basic question around switching to a Roth 401(k) is, do you want to take the tax deduction now or when you withdraw the funds during your retirement? Seems simple enough, but the answer – as evidenced by a group of tax experts polled recently by The Wall Street Journal, may be more complicated than that.
To Roth or Not to Roth? That is the Annual 401(k) Question
With more employers offering Roth 401(k) retirement plans in addition to traditional, pre-tax 401(k)s, an increasing number of employees have a choice but to switch their traditional plan to a Roth. So reports The Wall Street Journal.
