TIAA-CREF now offers a Roth investment option under the UF 403(b) Voluntary Savings Plan

TIAA-CREF now offers a Roth investment option under the UF 403(b) Voluntary Savings Plan. Consider adding to your retirement savings by participating in one, or both plan types with tax-deferred dollars as well as after-tax Roth contributions.

Tax-Deferred vs. After-Tax Roth Retirement Contributions

• With the Tax-Deferred option your contributions to the plan are tax deductible, lowering your current taxable income, and become taxable upon distribution.
• With the Roth option, contributions are made with after-tax dollars. So the savings in your Roth plan, and any earnings, are tax-exempt at the time of withdrawal when you reach age 59 ½ (provided specific criteria is met).

Participation and Making Changes

Please visit the Voluntary Savings Plans page on the Human Resource Services website for eligibility and enrollment information. To open a new account, visit the Investment Provider & Representative List page for contact information.