The Roth 401(k), or Why I Love Bill Roth (RIP)
Submitted by Alloy Silverstein Financial Services, Inc. on August 31st, 2018Bill Roth was a Senator from Delaware. He realized in the late 1990s that savings rates were too low in the U.S. and he endeavored to find a solution. Enter the Roth IRA. Contributions to a Roth IRA won’t reduce your tax bill now because, while pretax salary goes into a Traditional IRA, after-tax money funds the Roth.
