Offer a Roth 401(k)
Roth 401(k) plans work in much the same way right IRAs work, tax-wise. You won’t be getting any deductions for your contributions, but when it’s time to withdraw the money? It’ll be tax-free.
If right now, you’re in a lower tax bracket, it makes sense to pay a little extra, especially if you’ll be in a higher tax bracket by the time you’ll make regular withdrawals. Pay a little now so that you won’t have to pay anything later.
Like with increasing company contributions, this will definitely offer your company a boost when it comes to employee benefits! It’ll not only increase morale around the office, but your employer will also attract more talented people.
