As an adviser, you will often be asked by clients to opine on strategic decisions that lay the foundation for retirement readiness. Two common lines of questioning involve whether employee populations would be best served by a traditional vs. Roth 401(k) and how to leverage savings with the help of a health savings account (HSA).
Nearly 90% of employers provide a Roth option, named after the late Sen. William Roth (R-Del.) who was a huge proponent of expanding tax-advantaged retirement accounts. That is way up from just 58% in 2013 thanks to the SECURE 2.0 retirement law, which made it more attractive to sponsor.
