Roth 401(k)s are on the rise. According to Aon Hewitt, two in five private-sector plans offer them, with another 29% likely to add them this year. Because they are funded with after-tax dollars—just like Roth IRAs—this might not be the best benefit option for everyone. Being in a higher tax bracket later and whether you work in a high-tax state are some of the factors that should be considered when deciding if a Roth 401(k) is the best option.
The latest development brings redemptions since Ken Fisher's lewd comments to $1.8 million.
The trade group talks about its membership decline over the past decade.
The group includes three veteran advisors and is based in Bel Air, Maryland.
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