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Choosing a Traditional 401(k) vs Roth 401(k)

Investing

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 in these articles is intended for informational purposes only. It is not to be construed as the opinion of Central Bancompany, Inc., and/or its affiliates and does not imply endorsement or support of any of the mentioned information, products, services, or providers. All information presented is without any representation, guaranty, or warranty regarding the accuracy, relevance, or completeness of the information.