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  Retirement Programs   |   Roth 403(b)

 

 

 

New Roth 403(b) Option for USC Retirement Savings Program

Effective January 1, 2010, you can choose to make all or a portion of your contributions to the USC Retirement Savings Program (both basic and supplemental) as a Roth 403(b) contribution. These after-tax Roth contributions can be part or all of the contributions you make that are matched by the university. Under this option, you pay taxes on your contributions now, but you do not pay taxes on your investment earnings while they are deposited in your retirement account. When you take a distribution from the Plan, both your contributions and earnings are returned to you tax free if you are at least 59½ years old and your account has been established for 5 years or more.

 

Use the links below to learn more and the Roth 403(b) and decide if a Roth 403(b) contribution is right for you:

 

Fidelity

Watch this tutorial online and in just 9 minutes, you'll learn:

  • How a Roth 403(b) works
  • The differences between a Roth 403(b) option and a Traditional pretax 403(b) option
  • The differences between a Roth 403(b) and a Roth IRA (individual retirement account)
  • Who may benefit from a Roth 403(b)
  • Considerations in determining if a Roth 403(b) is an appropriate choice for you

Just click on http://www.brainshark.com/fidelityemg/Roth_403b
Visit http://fidelity.com/atwork/roth to view the Roth educational page.

 

Prudential

Learn more about Roth contributions at www.prudential.com/prep

  • Online Course - includes an overview of Roth contributions, several scenarios to illustrate how Roth contributions work and links to additional sources of information about Roth contributions - www.prudential.com/prep/rothtutorial
  • Roth Article - read an informative article on Roth Contributions here—http://www3.prudential.com/signature/Roth-Contributions.html
  • Calculator—use this calculator to model your own scenarios and determine if Roth contributions are suitable for your goals and financial situation—www.prudential.com/signature/roth

 

Vanguard

Use this quick online tool to help you decide if a Roth 403(b) is for you

 

Ready to set up Roth 403(b) Contributions?

Use eTrac to set up your Roth 403(b) payroll deductions. Log onto www.usc.edu/etrac.

 

 

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Benefits programs are subject to change at anytime by the university, at its discretion, without prior notice or liability, to the extent permitted under applicable law. The benefits described in this Web site are available to staff and faculty employed by the University of Southern California subject to certain eligibility requirements. In the event of a discrepancy between the benefits and limitations described in this Web site and a plan document or a collective bargaining agreement, the terms of the plan document or collective bargaining agreement will govern. Employees of other entities that have entered into agreements with the University of Southern California to provide payrolling service are subject to the policies and procedures adopted by their employer.