Who might not benefit from the Roth 403(b)?
• Someone who expects Social Security to be main source of retirement income and tax rate are likely drop in retirement. • A worker earning between $20,000 and $50,000 who qualifies for certain valuable tax credits, such as the earned income tax credit. 4. Is Roth 403(b) participation limited by household income? No. Unlike Roth IRA’s, there are no maximum income limits for Roth 403(b) contributions. 5. How do I elect the Roth 403(b)? If you are currently contributing to the 403(b), you need to complete a 403(b) Authorization for Payroll Deduction & Vendor Selection Form and turn it into the Benefits Department. If you would like more information about the Roth 403(b) offerings, you can call or visit the retirement vendor websites. Fidelity (800) 343-0860 Vanguard (800) 523-1188 TIAA CREF (800) 842-2888 If you are contributing for the first time with the vendor, complete the 403(b) Authorization for Payroll Deduction & Vendor Selection Form and send to Benefits Department to start your
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- Who might not benefit from the Roth 403(b)?
