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If You Don’t Need the Tax Deduction, Think Roth


Friday - March 28, 2014 at 7:52 am


As the April 15th tax deadline approaches, many people are considering lowering their tax bill or increasing their refund by making a contribution to a retirement account.  Our next guest says that maybe you should instead think about making that contribution to a retirement account that does not give you a current tax deduction, that is into a Roth IRA or Roth 401(k).

Mike Switzer interviews Corinne Sheridan, a certified financial planner at Abacus Planning Group in Columbia.

Vanguard article about whether to choose a Roth, traditional, or a mix

Online calculator to see the impact of your Roth savings over time

Forbes article about Roth 401(k) conversions

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