Free Calculator

Roth or Traditional IRA — Which Is Right for You?

The answer depends on your current tax bracket, expected retirement income, and time horizon. This calculator compares both strategies side by side so you can make an informed decision.

Takes about 2 minutes Your data stays private Instant comparison

Enter Your Information

Current Age

Planned Retirement Age

Annual IRA Contribution

Expected Annual Return (%)

Current Marginal Tax Rate (%)

Expected Retirement Tax Rate (%)

Current IRA Balance (if any)

Traditional IRA

Contributions may be tax-deductible. You pay taxes when you withdraw funds in retirement. Required Minimum Distributions (RMDs) begin at age 73.

Best if: You expect to be in a lower tax bracket in retirement.

Roth IRA

Contributions are made with after-tax dollars. Qualified withdrawals in retirement are tax-free. No Required Minimum Distributions during your lifetime.

Best if: You expect to be in a higher tax bracket in retirement.

Need Help Deciding?

The right IRA strategy depends on your complete financial picture. Our financial advisors can analyze your specific situation and help you develop a personalized plan to optimize your retirement contributions.

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