Kace Capital Advisors
Kace Capital Advisors
Kenny Polcari
Managing Partner
2255 Glades Road
Suite 219A
Boca Raton, FL 33431
212-381-6194
kenny@kacecapitaladvisors.com
kacecapitaladvisors.com
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Roth IRA Future Value Calculator | Roth IRA Future Value Calculator
This calculator will estimate and chart the future value of a Roth IRA, and compare it to the estimated future value of a similar taxable investment, at the time of your retirement. The calculation assumes that the same annual contribution is made at the end of each year until retirement. Earnings are compounded annually. All income, dividends, and capital gains distributions are reinvested, and any resulting taxes on the taxable investment are paid with funds from the account. Investment fees and expenses, which are generally different for tax-advantaged and taxable investments, are not deducted.
Contributions to a Roth IRA are not tax deductible. Depending on an individual's tax filing status and modified adjusted gross income, allowable contributions to a Roth IRA may be less than the amounts shown below.
Contribution limits:
| Tax year beginning in | Contribution limits (under age 50) | Additional catch-up contribution limits (age 50 or over) | | 2023 | $6,500 | $1,000 | | 2024 | $7,000 | $1,000 |
To qualify for tax-free and penalty-free withdrawal of earnings, a Roth IRA must satisfy a five-year holding period requirement and the distribution must take place after age 59½, or due to death, disability, or a first-time home purchase (up to $10,000 lifetime limit). Nonqualified withdrawals of earnings may be subject to income tax and possibly a 10% penalty tax. Special rules apply to amounts converted from a traditional IRA to a Roth IRA.
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| IMPORTANT DISCLOSURES
Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. 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 FL and NY. No offers may be made or accepted from any resident outside the specific states referenced. |
| Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2024. |
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