What is the IRA Selector?
The IRA Selector is designed to help you decide if you should invest retirement assets in a Traditional IRA or a Roth IRA. Three calculators provide comparisons of estimated future retirement amounts to help you better understand the potential benefits of Traditional and Roth IRAs.
- The Basic Comparison calculator estimates whether a Traditional IRA or a Roth IRA would provide more assets at retirement.
- The Legacy Planner estimates which IRA will best benefit your beneficiary after your death.
- The Breakeven Analyzer estimates the time frame when one type of IRA becomes more beneficial than the other to save for retirement.
The IRA Selector is designed for educational purposes only and is not intended to be used as investment or tax advice. Because each individual's financial circumstances are unique, you should seek competent professional tax advice before deciding on any IRA option.