 |
| Current age: |
| Your current age |
|
| Age of retirement: |
| Age you desire to retire. |
|
| Annual contribution: |
| The amount you will contribute to your
Traditional IRA each year. |
|
| 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. |
|
Equal
Housing Lender, All Rights Reserved.