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Roth and Traditional IRA Comparison Calculator

    This calculator can help you decide on whether to use a traditional IRA or to convert to a Roth IRA.

    *NOTE: Our calculators are for informational purposes only and are not intended to provide financial advice. All examples are hypothetical and for illustrative purposes and in no way implies a promise of services from this bank. Although we have obtained content from sources deemed to be reliable, The Heritage Banking Group and its affiliates are not responsible for any content provided by unaffiliated third parties. You may wish to consult an appropriate outside advisor about your financial situation.

Conversion of Existing IRA

 Current IRA Balance:

$

 Source of Taxes Due on Conversion: *

 

Funds outside my IRA
Funds from my IRA

Future Contributions

 Total Annual Contributions
  (including non-sheltered contributions): **

$

 IRA Contribution Limit:

$

Your Investment and Taxes

 Years until Retirement:

 

 Years to make Withdrawals:

 

 Investment Rate of Return:

 

%

 Tax Bracket

   

 pre-retirement:

 

%

   

 during retirement:

 

%

Results: Annual Withdrawals available during Retirement

 Regular IRA:

$

 Roth IRA:

$

 

* Source of taxes due on conversion: if you select funds outside your IRA, an amount equal to the tax due is added to the non-sheltered account corresponding to the regular IRA.

** Contributions can be higher than the IRA limit. The calculator will put as much as possible into each IRA, and put the excess into a non-sheltered account.