Published to Newsletter on Jul 29, 2020
Encouraging news! Roth contributions are now available for UNM’s voluntary 403(b) and 457(b) retirement plans.
What is a Roth contribution?
Roth contributions are made after tax, providing the potential for growing tax-deferred and being accessed tax-free in retirement.
Roth contributions have tax benefits similar to a Roth IRA with the added benefit of higher contribution limits than a Roth IRA.
Roth rollovers into the plans and in-plan conversions from pre-tax to Roth are also allowed.
While your pre-tax contributions can grow tax-deferred, withdrawals are taxable.
For more information, see the Roth brochure or contact your investment provider listed in the brochure.
Tags: retirement
