My wife has $90,000 in a TIAA 403B account. The statement says $60,000 is before tax and $30,000 is after tax. (we don't know how it got to be after tax, but that is neither here nor there) I spoke to an account rep today and she says that we would only have to pay tax on 2/3rd of payments; that the after tax portion was like a Roth IRA.
I asked her if the income on the after tax portion was also after tax. She said no, it was just tax deferred. So it is not actually like a Roth.
So which of her statements is correct? Is the income after tax or tax deferred?