IRA Calculator
Calculate and compare Traditional vs Roth IRA retirement savings and tax implications.
Category: Calculator
IRA Calculator
Plan your retirement with Traditional or Roth IRA accounts.
IRA Comparison
Understanding the differences between Traditional and Roth IRAs
Feature
Traditional IRA
Roth IRA
Tax Treatment of Contributions
May be tax-deductible
Not tax-deductible
Tax Treatment of Withdrawals
Taxed as ordinary income
Tax-free (qualified distributions)
Required Minimum Distributions
Required starting at age 72
Not required during owner's lifetime
Income Limits
No income limits for contributing
Subject to income limits
Early Withdrawal Penalties
10% penalty before age 59½ (with exceptions)
10% penalty on earnings before age 59½ (with exceptions)