Personal Finance
Does Your Employer Offer a Roth 401(k)? If Not, Your Retirement Could Suffer
Roth savings accounts help protect you from an increase in tax rates.
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A couple of years ago, the University of Arizona added an option to its retirement plan. Instead of contributing pretax money, which is the traditional option for 401(k), 403(b), and other workplace plans, workers could contribute aftertax money to a Roth account.
Employees weren’t sure what to do. Among them was Scott Cederburg—and he's a professor of finance.