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Detailed explanation-1: -Roth contributions are made with money that’s already been taxed, so you won’t have to pay taxes on qualified withdrawals, including earnings*. You can choose to allocate part of, or all of your salary deferral to the Roth, or all or part of your salary deferral to your traditional 457(b) or 401(k) pre-tax account.

Detailed explanation-2: -After-Tax 401(k) vs. Like a Roth 401(k), an after-tax 401(k) contribution is just that-made after taxes are paid. Like a Roth 401(k), earnings grow tax-deferred. However, unlike a Roth 401(k), the earnings on the account are taxed upon withdrawal. The after-tax option predates the Roth 401(k).

Detailed explanation-3: -You can keep contributing to a Roth IRA after retirement, as long as you have some earned income. Roth IRA contributions aren’t tax-deductible on an up-front basis.

Detailed explanation-4: -Roth IRAs. A Roth IRA differs from a traditional IRA in several ways. Contributions to a Roth IRA aren’t deductible (and you don’t report the contributions on your tax return), but qualified distributions or distributions that are a return of contributions aren’t subject to tax.

Detailed explanation-5: -A Roth IRA is an Individual Retirement Account to which you contribute after-tax dollars. While there are no current-year tax benefits, your contributions and earnings can grow tax-free, and you can withdraw them tax-free and penalty free after age 59½ and once the account has been open for five years.