Do you believe that your income tax rates will be higher when you draw money from your retirement plan? If so, and if your employer offers you a choice between a regular or Roth contribution to the plan, why not consider the Roth option? Yes, you will pay taxes on the contribution now like you would on a non-retirement account, but the account will grow tax-deferred. When you take money out after 5 years and when you are older than 59 ½, it will not be taxed. After age 70 ½, your Required Minimum Distributions will be smaller.

Call us or call your financial advisor for more details.

All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.