More and more companies are making the Roth 401(k) or 403(b) an option. Legislation was also recently signed allowing the Roth option to be made available for government employees in the TSP.
The Roth is not right for everyone, but it’s a truly fabulous option for many of us. You don’t get tax savings now, but your money is able to grow and be withdrawn tax-free in retirement (once you meet certain conditions). If it’s available now through your employer, I would definitely suggest taking a few moments to read Jim’s article and consider whether it makes sense for you. Let me know of any questions!