The City of Los Angeles plans to offer a Roth individual retirement account to the 36,000 participants in its $2.7 billion 457 plan. The city is still awaiting approval from city council but expects to move forward in two to four months.

The city will offer the same institutional funds offered in their 457 plan.  These funds should have lower fees than most retail mutual funds.   Hopefully, more employers will offer this Roth option!

Courtesy of InstitutionalInvestor.com