Q&A: "I Currently Have a Pension with Deferred Compensation. Should I Consider a Roth 401(k)?"
Question and background: I currently have a pension with deferred compensation. Should I consider a Roth 401(k)? I am a 42 year old law enforcement officer with a local municipality and contribute to a pension along with a deferred compensation, similar to a 401(k) with no match. My question is, they now offer a Roth 401(k) as well. Should I consider this investment? I could potentially retire in 10 to 12 years with a pension paying approximately 70% of what I currently make.