Estimate which tax advantages work best for you.
Individual Retirement Accounts (IRA) are helpful tools when planning for retirement and come in two basic types – the Roth IRA and the Traditional IRA. The one that fits your finances depends on multiple factors and comes down to whether you want to benefit from tax advantages today or in retirement. This calculator can help you choose. Please note, this calculator should not be used for Roth 401(k) comparisons.