Today's Question   Answer  
  If I contribute some of my pay into a retirement plan, what's the real cost?   Less than you might think, because doing so will probably reduce your income taxes (if you contribute to an eligible plan)

Eligible plans include employer-sponsored plans that permit you to defer salary directly into those plans

 


 
  To find out more precisely, begin by entering some basic information about you and your paycheck  
  What is your name?   How many times per year do you get paid? (monthly equals 12)   In what state are your earnings taxed?  
       
 Current
Paycheck
New
Paycheck
 
 What is your gross pay per pay check (i.e., before any deductions)? $ $  
 PRE-TAX: Voluntary retirement contributions in dollars:$ $ 
     or PRE-TAX: Voluntary retirement contributions as a percentage:     %     % 
 (Note: You may enter either a percent or a dollar amount for the next three fields. Please select each field's symbols before entering an amount.) 
 PRE-TAX: Mandatory retirement contributions:     $  
 PRE-TAX: Other benefits (e.g., Section 125 plans):     $  
 AFTER-TAX: Total miscellaneous reductions from pay:     $  
 Income Tax withholding: We can calculate it for you, or you can enter it from your current paycheck. Choose one:
     Have income tax withholding calculated (recommended)    Copy withholding info from your pay stub
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