Choosing a Traditional 401(k) vs Roth 401(k)
Is a Traditional 401(k) or a Roth 401(k) best for you?
Each method has its own benefits. Contributions to a Traditional 401(k) plan are made on a pre-tax basis, which result in a lower tax bill and higher take home pay. While contributions made to a Roth 401(k) are made on an after-tax basis, which means that taxes are paid on the amount contributed in the current year. Use our calculator to determine which method makes the most sense for you.
The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.