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Regular IRA Calculator
Contributing to
a Regular IRA can create a current tax deduction, plus it provides
for tax deferred growth. While long term savings in a Roth IRA may
produce better after tax returns, a regular IRA may be an excellent
alternative if you qualify for the tax deduction.
Definitions
| Current age: |
Your current age |
| Age of retirement: |
Age you desire to retire. |
| Annual contribution: |
The amount you will contribute to your regular IRA each year.
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| Expected rate of return: |
The annual percent you expect to earn on your investment. |
| Current tax rate: |
Your current marginal tax rate you expect to pay on your taxable
investments. |
| Retirement tax rate: |
The marginal tax rate you expect to pay on your investments
at retirement. |
| Adjusted gross income: |
What you anticipate your income to be. This is used to calculate
whether you are able to deduct your annual contributions from
your taxes. |
| Married: |
Check the box if you are married. This is used to determine
whether you can deduct your annual contributions from your taxes.
|
| Years until retirement: |
Number of years before retirement. |
| Employer plan: |
Check the box if you have an employer sponsored retirement plan,
such as a 401k or pension. This is used to determine if you can
deduct your annual contributions from your taxes. |
| Total non-deductible contributions: |
The total amount for your contributions that were deposited
without a tax deduction. |
| Total contributions: |
The total amount contributed to this IRA. |
| IRA total before taxes: |
Total value of your IRA at retirement before taxes. |
| IRA total after taxes: |
Total value of your IRA at retirement after taxes are paid.
|
| Total taxable account: |
Total value of your savings, at retirement, if the after tax
contribution amount is deposited into a taxable 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.
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