The Tax Advantage Calculator shows the hypothetical effect on take home pay of pre-tax contributions versus after-tax contributions and the potential impact of waiting to contribute. Results are based on your inputs only of your age, anticipated retirement age, current salary, estimated average annual salary increase percentage, your tax bracket, your existing tax-deferred retirement savings, your current or proposed contributions, your employer’s proposed matching contribution rate, and your estimated rate of return.
The Calculator does not:
This tool does not consider your complete financial situation and needs, or other inputs such as such as debt, other retirement assets or contributions, or liquidity needs. Contact your tax advisor regarding the tax impact of any decision regarding potential savings strategies. IMPORTANT: The projections or other information generated by this tool are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.
You should not view or construe the tools and information as a suggestion that you take or refrain from taking a particular course of action, as the advice of an impartial fiduciary, or as an offer to sell or a solicitation to buy any securities or other investment vehicles. In making the tools and information available to you, we assume that you are capable of evaluating the information and exercising independent judgment. You should not buy or sell any security without first considering whether it is appropriate for you based on your own particular situation. TIAA will not perform any suitability or other analysis to check, for example, whether a security or other investment vehicle you select is consistent with your investment objectives. If you would like help or advice choosing investments, please call us at 800-842-2252. We are here to help. Certain products and services may not be available to all entities or persons.