Roth option coming to DCP October 2023
Posted on July 6, 2023
Effective October 1, DCP will include a Roth option. Customers will be able to choose between pretax and Roth contributions, or a combination of both when saving through DCP. Pretax contributions are made before taxes, and tax is due on withdrawn amounts. Customers make Roth contributions using taxed income, which allows the withdrawals to be tax-free if the Roth balance has remained in the account for five years. For a preview of available webinars and information about Roth options, see upcoming changes.
