Participating in a traditional 401(k) plan doesn't have to take a big bite out of your take-home pay — and it can cut down on your tax bill.
To see how establishing or increasing your contribution will affect your income tax and take-home pay, just answer the following questions, then click Submit.
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This material is provided by DST Systems, Inc. (“DST”), which is solely responsible for its content. Neither TD Ameritrade Trust Company nor any of its affiliates (collectively “TD Ameritrade”) has independently verified this material, and TD Ameritrade makes no representations about its completeness, accuracy or applicability to your particular circumstances.
The information included in this presentation is intended for educational purposes only and does not constitute tax, legal or investment advice.
What percentage of your paycheck would you like to contribute to your traditional 401(k) plan?
Does your employer offer a matching contribution? If so, enter the appropriate percentage of match for your desired level of contribution. For example, if your employer offers a two-tiered program with a 100% match on contributions of up to 3% plus a 50% match on contribution amounts over 3% up to a maximum of 6%, enter 100% on 3% as the 1st Tier and 50% on 3% as the 2nd Tier.
What is your federal income tax rate?
If your income is subject to state taxes, enter your state income tax rate.