CFPยฎ Advisory & Public Sector Suite

Workplace & Pension Decision Lab

Specialized mathematical decision tools for corporate 401(k) participants, school district educators, and state pension members. Calculate the true take-home impact of your paycheck contributions, analyze pension survivor maximization, and avoid costly tax traps.

๐Ÿ’ผ Earnings & Pay Frequency Step 1

Enter your annual salary or hourly rate along with your paycheck frequency to establish your gross baseline.

Default is 4.5% standard state withholding
๐Ÿ“ˆ Retirement Plan Deferrals Step 2

Compare your current contribution level against a proposed higher savings goal to see the exact net impact on your wallet.

Current Savings Level
Proposed Higher Savings Goal
Additional Savings Additional Retirement Savings Growth The extra dollars flowing into your retirement account every paycheck. Driven By:
  • Proposed Deferral %: The higher contribution target chosen.
๐Ÿ’ก Compounding these extra dollars over 15โ€“25 years builds massive wealth.
$0
Per paycheck savings increase
Net Paycheck Impact Actual Take-Home Reduction Cash Flow The actual change in your net deposited paycheck. Notice this is significantly LESS than the amount saved! The Tax Subsidy:
  • Pre-tax Deductions: Lowers both federal and state income tax withholding immediately.
๐Ÿ’ก You get $1.00 of savings for only ~$0.70 to ~$0.80 out of pocket.
$0
Actual reduction in take-home pay
Tax Subsidy Government Tax Subsidy Tax Relief The percentage of your new retirement contributions funded entirely by IRS and state tax savings. ๐Ÿ’ก Free leverage: The government contributes alongside you by reducing your taxes!
0%
Portion paid by tax savings
๐Ÿงพ Side-by-Side Paycheck Breakdown Per Check

Observe how pre-tax retirement deductions decrease your tax withholding and preserve take-home pay:

Paystub Item Current Check Proposed Check Difference
Gross Wages $0.00 $0.00 $0.00
Pre-Tax Retirement Deferral $0.00 $0.00 $0.00
Federal Income Tax Withholding $0.00 $0.00 $0.00
FICA (Social Security & Medicare) $0.00 $0.00 $0.00
State Income Tax Withholding $0.00 $0.00 $0.00
Roth Retirement Deferral $0.00 $0.00 $0.00
Net Deposited Paycheck $0.00 $0.00 $0.00
๐Ÿ’ก The Power of the Pre-Tax Incentive: Enter your salary and retirement goals on the left to see how tax bracket reductions allow you to save more with minimal impact on your lifestyle.