(Bloomberg) -- A couple of years ago, the University of Arizona added an option to its retirement plan. Instead of contributing pretax money, which is the traditional option for 401(k), 403(b), and other workplace plans, workers could contribute aftertax money to a Roth account.
Employees weren’t sure what to do. Among them was Scott Cederburg—and he's a professor of finance.
Researching the question didn’t help much, despite his expertise. “There weren’t really good, solid answers,” said Cederburg, who teaches at the university’s Eller College of Management.
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