401(k) Contribution Effects on Your Paycheck

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An employer-sponsored retirement savings account could be one of your best tools for creating a secure retirement. It provides two important advantages:

  • All contributions and earnings are tax-deferred. You only pay taxes on contributions and earnings when the money is withdrawn.

  • Many employers provide matching contributions to your account, which can range from 0% to 100% of your contributions.

Use this calculator to see how increasing your contributions to a 401(k) can affect your paycheck as well as your retirement savings.

This calculator uses the latest withholding schedules, rules and rates (IRS Publication 15).

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This information is for educational purposes only and is not intended as a personalized recommendation or fiduciary advice. There are different options available for your retirement plan investments. You should consider all options before making a decision. Our representatives can help you evaluate all of your distribution options.

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