Reported about 8 hours ago
Employers cannot directly contribute to employees' personal Roth IRAs, but the SECURE 2.0 Act allows contributions to SIMPLE and SEP IRAs as Roth accounts. This change offers employees the benefit of tax-free withdrawals in retirement, enhancing retirement savings strategies. Additionally, while Roth 401(k)s allow for employer contributions, these are taxed at the time of contribution. Understanding these options can help employees maximize their retirement savings through tailored strategies.
Source: YAHOO