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[quote=Anonymous]Also a teacher here. Your pension is taxed more favorably in Maryland than W-2 income. Also no union dues, FICA or Medicare is taken out. So that bumps the value 15% over an equal W-2 amount. If possible, You may want to look at your taxes from last year and only put enough into the 403b to get into the lower highest marginal tax rate once the standard deduction is included. Once you have your taxable income in that lower rate, then add to the Roth. This way you are maximizing tax savings as well as efficient retirement savings. I would also recommend a 457b instead of the Roth if available. You have access to those funds immediately once you leave the school system even if before age 59.5.[/quote]
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