The Roth: It Might Be a Better Deal Than You Think

By Jill Perlin

June 2008

Two recent pieces of legislation-the Tax Increase Prevention and Reconciliation Act (TIPRA) and the Pension Protection Act (PPA)-greatly impact the retirement arena. They have given us a new way to help clients think about retirement savings from a tax perspective. This has led to new opportunities to utilize a Roth-IRA and 401(k)-that didn't exist until now. When the Roth IRA was introduced in 1998, it was seen as a very good thing. People could put money away for retirement and receive distributions tax-free at some point in the future. The industry saw a lot of money being invested in Roth accounts, which came from annual contributions and conversions from traditional IRAs. While a lot of people took advantage of the Roth, high income clients were left out in the cold.

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