Difference between Roth 403(b) and Traditional 403(b) Plans Traditional 403(b) plan contributions are made with pre-tax dollars, so the employees defer taxes until retirement, when distributions are taxed as ordinary income. Roth 403(b) plan contributions are made with after-tax dollars, so t...
It’s important to know which one applies to your situation and tobe aware of common retirement mistakes. If you have access to both, there are some similarities and differences to know before enrolling. You’ll also need to know the difference between a traditional and Roth account. What Is...
We Recommend Personal Finance What Is a Roth 403(B)? Contribution Limits You are generally limited to $16,500 in annual contributions ($22,000 if you are at least 50 years old) to a 403b plan. You can only contribute $5,000 to a traditional IRA per year ($6,000 if you are at ...