BEAM Wealth Advisors, Inc.
Scott Bordelon, CFP®, AAMS®, BFA™, AIF®
Chief Investment Officer
72096 Ramos Ave., Ste. D
Covington, LA 70433
800-256-5221 x102
FAX 888-453-5977
sbordelon@beamwealth.com
www.beamwealth.com
 
 




Out-of-Pocket Cost of Pretax Contributions Calculator
Out-of-Pocket Cost of Pretax Contributions Calculator

If you make a pretax contribution to your retirement plan, what's the after-tax out-of-pocket cost to you?


$

Enter the amount of your pretax contribution to your retirement plan.

%

Enter the applicable tax rate. This amount should represent the total tax rate that would apply if you had not made the pretax contribution, taking into consideration all of your taxable income. In general, consider marginal federal, state, and local income tax rates, as appropriate. State and local tax rates are generally relevant only if an income tax is imposed on your wages at the state or local level and taxable wages are reduced by salary reduction contributions.



This calculator considers only income tax savings based on reducing your taxable salary by making the pretax contribution.

It does not consider income taxes that may be due on distributions from your retirement plan in the future.

This calculator assumes that all pretax contribution amounts reduce taxable compensation and the income tax attributable to that compensation.


Investment Advice offered through BEAM Wealth Advisors, Inc., an SEC Registered Investment Advisory Firm. Securities offered through Purshe Kaplan Sterling Investments, member FINRA/SIPC, headquartered at 80 State Street, Albany, NY 12207. BEAM Wealth Advisors, Inc. and Purshe Kaplan Sterling Investments are separate entities and not affiliated companies.

This newsletter should not be considered as providing tax or legal advice, while tax and legal matters are often discussed. This information has been provided from sources and data believed to be reliable but is not guaranteed by your advisor, BEAM Wealth Advisors, Inc. or Purshe Kaplan Sterling Investments. This newsletter is provided by BEAM Wealth Advisors, Inc. and should not be construed as investment or tax advice. For specific advice, please contact us for an appointment.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) or investment strategy that may be appropriate for you, consult your financial adviser prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly. 

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