We’re in Our Late 50s With $1.6 Million in Our 401(k)s. Should We Switch to Roth Contributions?
A Roth IRA offers significant benefits for retirees. As an after-tax account, distributions from Roth IRAs are typically tax-free. This can save you a lot of money in retirement, but at the cost of up-front tax payments while you’re saving. You will spend more to build your portfolio today, but will save money later. A […] The post We’re in Our Late 50s With $1.6 Million in Our 401(k)s. Should We Switch to Roth Contributions? appeared first on SmartReads by SmartAsset.