Balance Wealth Partners
Jeff Panik, MSFS, CFP®, CRPS®
Financial Advisor
125 Townpark Drive, Suite 300
Kennesaw, GA 30144
770-420-8210
404-441-9387
jeff@balancewealthpartners.com
www.balancewealthpartners.com
 
 




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.


Years

*How old you will be as of December 31st of this year (maximum: 99)

*Must be at least one year greater than your current age (maximum: 100)

*This overrides annual IRA contribution entry

$


Contribution limits:

Tax year beginning inContribution limits (under age 50)Additional catch-up contribution limits (age 50 or over)
2023$6,500$1,000
2024$7,000$1,000

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The information provided is not intended to be a substitute for specific individualized tax planning or legal advice. We suggest that you consult with a qualified tax or legal professional

Securities offered through LPL Financial, member FINRA/SIPC. Investment Advice offered through Independent Advisor Alliance, a registered investment advisor. Independent Advisor Alliance and Balance Wealth Partners are separate entities from LPL Financial.


This communication is strictly intended for individuals residing in the state(s) of FL, GA, NC and SC. No offers may be made or accepted from any resident outside the specific states referenced.
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2024.