Ask Terry Questions Roth 401K?

Roth 401K?

By Terry Savage on January 06, 2025 | Financial Planning / Retirement

I’m a single woman in my late 50s making just under $100K a year. I’ve just begun contributing 8% to my 401K. My employer just announced they are now offering a Roth option in our 401K. Should I contribute to the Roth?

Terry Says

Yes, definitely make it a Roth if you have that option. If the government keeps its promise, all that growth will come out tax-FREE — and no RMDs!

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