Roth option coming to DCP October 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 Pretax contributions are made before taxes, and tax is due on withdrawn amounts.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.
Recent news
April is Financial Literacy month and spring break, and that means it’s a great time to look at your budget and set some financial goals now so you’re prepared for the future.
These are the tax questions we’re asked most often. Keep in mind you’ll need to work with a tax advisor if you have questions beyond the information we can provide.
Changes are coming to the Socially Responsible Investment (SRI) Balanced Fund for those with an investment account in DCP, Plan 3 or JRA.
