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Instructions for Using the Calculator

To use the Roth IRA vs 403b and 457 calculators, simply enter your annual contributions, expected rate of return, and years until retirement. The calculator will help you determine which plan may suit your retirement goals better.

Roth IRA vs 403b Calculator

When considering retirement savings, it’s important to compare all your options. The Roth IRA vs 403b calculator can provide guidance on which plan could offer better tax advantages based on your current and expected future tax rate. Keep in mind, the Roth IRA contributions are made with after-tax dollars, while 403b contributions are typically pre-tax.

Roth IRA vs 457 Calculator

The Roth IRA vs 457 calculator is an essential tool for employees of state and local governments. It compares the benefits of post-tax contributions in a Roth IRA with the pre-tax benefits of a 457 plan. By entering your financial details, you can see which option might maximize your retirement savings potential.

FAQs

What is a Roth IRA?

A Roth IRA is a retirement savings account that allows your money to grow tax-free. Contributions are made with after-tax dollars, and withdrawals during retirement are not taxed.

What is a 403b plan?

A 403b plan is a tax-advantaged retirement savings plan available to employees of public schools and certain non-profit organizations. Contributions are typically made pre-tax, reducing your taxable income.

What is a 457 plan?

A 457 plan is a non-qualified, tax-advantaged deferred-compensation retirement plan available for governmental and certain non-governmental employers in the United States.