"Unfortunately, my income is too high to make Roth 401k contributions." We hear this sentence a lot. And -- good news -- this is 100% a myth. There is no income limit to make Roth 401k contributions. If you have access to a 401k that offers a Roth option, you can contribute to it no matter how … [Read more...]
Roth 401(k) and 403(b)
One of my fellow Garrett Planning Network members, Jim Blankenship in New Berlin, Illinois, did a great summary article on Roth 401(k)s and 403(b)s yesterday. More and more companies are making the Roth 401(k) or 403(b) an option. Legislation was also recently signed allowing the Roth … [Read more...]