Roth vs Traditional 401(k) and Your Paycheck Calculator

A 401(k) can be an effective retirement tool. Roth 401(k) contributions allow you to contribute to your 401(k) account on an after-tax basis and pay no taxes on qualifying distributions when the money is withdrawn.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 the Traditional 401(k) contributions, where deposits are made on a pre-tax basis, but are subject to taxes when the money is withdrawn. Use this calculator[cite::620::cite] to help determine the option that could work for you and how it might affect your paycheck.