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Tuesday, 31 October 2006 |
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- Immediate Tax Advantage with Pre-Tax 403(b) Contributions Consider the left example. A single taxpayer with gross income of $30,000 (in a 28% federal tax bracket) makes a contribution of $200 per month. By contributing pre-tax dollars this taxpayer pays less in taxes today! The advantage is a benefit that can work for you.
- Adding Tax Savings LetsYou Set Aside Even More For Retirement
By adding income tax savings toregular403(b) contributions, there would be even more money in the 403(b), and this would reduce taxable income more. In a 28% tax bracket, this could increase savings to $278 a month - with the same disposable income as saving $2000 a month with a taxable account.
- Access Retirement Savings for Emergencis Without Taxes or Penalties
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Last Updated ( Monday, 19 March 2007 )
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