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Roth 457 Coming?

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Senate OK's Bill to Provide Roth 457 Plans to State, Local Government Workers

 

March 30, 2007

A provision that would create Roth 457 plans was approved as part of an Emergency Supplemental bill late yesterday. The provision would level the playing field for state and local government workers by permitting 457(b) plans to offer the designated Roth accounts already permitted in 401(k) and 403(b) plans. read more

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This is a good sign. I have always been concerned that if the Roth IRA/401k/403b was considered too Republican of an idea, the Democrats would kill it when they had power, or at least try to tax it. Good news!

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