|Certified Wealth Management & Investment|
Princeton Forrestal Village
Kurtis Baker, CFP®, AIF®
Retirement Planning Advisor
116 Village Blvd.
Princeton, NJ 08540
|Traditional vs. Roth IRA Calculator
|Traditional vs. Roth IRA Calculator|
Both traditional and Roth IRAs feature tax-sheltered growth of earnings. And both potentially give you a wide range of investment choices.
However, there are important differences between these two types of IRAs. Assuming that you qualify to make both Roth IRA contributions
and deductible contributions to a traditional IRA, the most appropriate choice depends on your personal financial situation.
Use this calculator as a starting point in your analysis.
|Tax year beginning in||Contribution limits (under age 50)||Additional catch-up contribution limits (age 50 or over)|
|2013 - 2018||$5,500||$1,000|
|2019 - 2020||$6,000||$1,000|
Certified Wealth Management & Investment, LLC does not provide investment, tax, or legal advice. The information presented here is not specific to any individual's personal circumstances.
To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
This communication is strictly intended for individuals residing in the state(s) of NJ. No offers may be made or accepted from any resident outside the specific states referenced.
|Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2020.