Roth vs Traditional 403(b)?
A 403(b) contribution can be an effective retirement tool. On or after January 1, 2012, you will have available a new type of 403(b) – the Roth 403(b). The Roth 403(b) allows you to contribute to your 403(b) account on an after-tax basis – and pay no taxes on investment income or qualifying distributions when the money is withdrawn. For some investors, this could prove to be a better option than contributing on a pre-tax basis, where deposits are subject to taxes when the money is withdrawn. Use this calculator to help determine the best option for your retirement.