Roth 401k and bad timing
For the past couple years the company that I work for has decided against offering a Roth 401k. A bummer for me because it would appear to work nicely in my situation. With the 401k, you make contributions with after tax money and get the money tax free in retirement. It is nice if you have lower rates now or had deductions such as student loans or mortage interest to help offset the difference. Check out this article from Yahoo Finance to get a quick overview or the Roth 401k and if it makes sense for you.
Finally, the company announced that this year, they will be offering…you guessed it, a Roth 401k. This of course is right after they tell me I am losing my job and will not be working there pretty soon anyways.
Since I will be rolling my current 401k over into an IRA soon enough so I don’t think its worth even messing around with the Roth 401k. Just great timing all around…