Roth IRA Savings Calculator
Creating a Roth IRA can make a big
difference in your retirement savings. There is no tax deduction
for contributions made to a Roth IRA, however all future earnings
are sheltered from taxes. The tax shield is better than a Variable
Annuity or a Traditional IRA that only provide tax deferred
growth. The Roth IRA provides truly tax-free growth.
Definitions
| Current age: |
Your current age. |
| Annual contribution: |
The amount you will contribute
to your Roth IRA each year. |
| Expected rate of return: |
The annual percent you expect
to earn on your investment. |
| Age of retirement: |
Age you desire to retire. |
| Marginal tax rate: |
The marginal tax rate you expect
to pay on your taxable investments. |
| Years until retirement: |
Number of years before retirement.
|
| Roth total at retirement: |
Total value in your ROTH IRA
at your retirement. |
| Total taxable savings: |
The total amount you would
have accumulated by retirement in a taxable savings account.
|
information
and interactive calculators are made available to you as self-help
tools for your independent use. We can not and do not guarantee
their accuracy or their applicability to your circumstances.
We encourage you to seek personalized advice from qualified
professionals regarding all personal finance issues.
