Your birth date.
The annual salary and any pay bonuses you are currently receiving. This value is projected through retirement age and used for calculating future annual retirement plan contributions.
The annual amount or percentage contribution you are currently making to your regular retirement account.
The age at which you expect to retire.
The number of years you expect to spend in retirement. You can determine this value by subtracting your retirement age from your life expectancy.
The expected annual growth rate of your income. This growth rate will be applied to your income each year until your retirement age and is used to estimate future retirement contributions.
The federal tax rate that is applied at your current income level. Although taxes are typically computed using a composite of several rates, the highest rate applied at your income level is used for simplicity.
The federal tax rate that you expect during your retirement.
The rate of return you expect your retirement account to earn prior to your retirement. Your rates will vary depending on your tolerance for risk with the highest risk investments usually generating the highest return.
The rate of return you expect to earn after your retirement. You may want to consider a more conservative investment strategy which typically provides lower risk and volatility during your retirement. This may provide a lower expected rate of return during your retirement than you were achieving before your retirement.
The state tax rate that is applied at your current income level. Although taxes are typically computed using a composite of several rates, the highest rate applied at your income level is used for simplicity.
The state tax rate that you expect during your retirement.
This is the amount listed in the "Current Earnings" box, plus the amount in the "Imputed Income" box on your pay stub.
code 099 on your pay stub.
For Choice participants, this amount is $244 less the $3 administrative fee, or $241.
For Options participants, this amount is $228 less the $3.79 administrative fee, or $224.21.
For MegaFlex and Flex participants, use the amount listed as "Cty-ALLOW" shown under the County Flexible Benefit Program section less the $5 administrative fee. If you are subject to a taxable cash limit, use the lesser of the above amount or the taxable cash limit shown under "Employee Information" in your current MegaFlex/Flex Benefit Decision Planner.
The sum of contributions, if any, that you make to the LACERA or Judges Retirement Plan (not including Horizons Plan contributions):
(code 180) DEF JRS II
(code 182) DEFAD JRSII
(code 184) DEFBK JRSII
(code 190) DEF RETIRE
(code 192) DFADDRETIRE
(code 194) DFADDRETIRE
(code 196) DEF RETIRE
(code 212) DEFJUDGE RET
(code 213) DEFBK RET JUD
(code 214) DEFAD RET JUD
Estimated deferrals plus County match that would have been made through the end of the month in which your change becomes effective.* [(code 137) under "Taxes/ Deductions" and under "County Contribution" (from pay stub)]
Click here to see a sample pay statement.
The additional pretax amount that employees who will be age 50 by the end of the taxable year may contribute, once they have contributed the regular maximum amount, and if allowed by the plan. The Age 50+ Catch-up is available to participants in governmental 457(b) plans but not nongovernmental 457(b) plans.
Referred to by the IRS as the Special Section 457(b) Catch-up; also commonly referred to as the three-year catch-up. An additional amount that can be contributed to your 457(b) plan if in the past you did not contribute the maximum amount to a 457(b) plan or another Workplace Savings Plan subject to Workplace Savings Plan coordination rules.

Roth Analyzer

This tool may help you determine whether to designate all or part of your elective deferrals as Roth contributions.

Based on your desired savings level, this tool will compute your hypothetical retirement balance and expected income for the available combinations of traditional pre-tax and Roth contributions and display them in the table below. The tool will also allow you to do "what if" analysis under different tax and rate of return assumptions. Local taxes, insurance and other benefit plan deductions are not included in this analysis.


 Input - Analysis Information
 
Birth Date: (mm/dd/yyyy)
Salary:
Deferral Amount: Apply Catch-Up1
Retirement Age:
Years in Retirement:  Click to estimate your years in retirement using IRS life expectancy tables.
Salary Growth Rate: %
Estimated Federal Marginal Tax Rate:  Click for federal tax rates.
   Current:
   At Distribution:
Estimated State Marginal Tax Rate:
   Current: %  Click to estimate your current state tax rate.
   At Distribution: %  Click to estimate your state tax rate at distribution.
Annual Rate of Return:  
   Pre-Retirement:
   Post-Retirement:
Keep my take-home pay the same (Roth contribution will be less than current pre-tax contribution)2
Keep my retirement plan savings the same (Will need to contribute more to make up for current taxes on Roth contribution)3
After you've entered / confirmed your information, press "Calculate" button to view your comparison results.

1Catch-up contributions are included in the analysis when you are age 50 or above and have chosen to analyze your contributions at the maximum in both the traditional pre-tax and Roth scenarios . For comparison purposes, catch-up contributions are not applied when you are contributing at the maximum via pre-tax traditional contributions, but have chosen to save the equivalent via Roth contributions on a pretax basis.
2In order to keep your take-home pay the same, your Roth contribution will be less than a traditional pre-tax contribution because Roth contributions are made on an after-tax basis.
3Since Roth contributions are made on an after-tax basis, you will be required to contribute more to achieve an equivalent level of savings when compared to traditional pre-tax contributions. This analysis option assumes that you are able to contribute equal amounts via traditional pre-tax savings and Roth contributions on an after-tax basis. Depending on your tax rate, your Roth contribution needed to achieve an equal savings level may be significantly higher than your traditional pre-tax contribution.