A bonus from your employer is always a good, however, you may want to estimate what you will actually take-home after federal withholding taxes, social security taxes and other deductions are taken out.
Many factors can affect your eligibility and contribution limits to either the Traditional IRA or Roth IRA - tax filing status, your current earned income level and whether or not you participate in a retirement plan at work.
It may surprise you how significant your retirement accumulation may become simply by saving a small percentage of your salary each month in your 457 Plan. Use this calculator to estimate how much your plan may accumulate for retirement.
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