Contributions to a retirement account can be an effective savings tool. As of January 2006, there is a new type of retirement account - the Roth. The Roth retirement account allows you to contribute on an after-tax basis - and pay no taxes on qualifying distributions when the money is withdrawn.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prove to be a better option than contributing on a pre-tax basis, where deposits are subject to taxes when the money is withdrawn.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.
Traditional vs. Roth 401(k) Calculator