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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 regular IRA that only provides 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.
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| 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.
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