Date: 2008-06-30 13:37:13
Subject: Re: Convert 403b to Roth 403b
From: "HW \"Skip\" Weldon" <s...@h...com>
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On Sun, 29 Jun 2008 05:51:21 -0500, m...@g...com wrote:
>What are the pros and cons of switching to the Roth 403b?
>
There are several pros to the Roth 403b, each depending on what kind
of changes to the tax code we see between now and when you withdraw
the money.
But an immediate negative will be increased taxes now. What were
traditional 403b contributions will now be taxable income to you. And
I believe the same is true of the employer match. Bottom line: More
taxes, without more income to pay those taxes. This may or may not be
a problem for you, but it is important to be aware of it.
-HW "Skip" Weldon
Columbia, SC
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