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The purpose of the Roth IRA Calculator is to illustrate the tax-free growth potential for a Roth IRA. To use this tool you will need to enter your starting balance, your current age, the expected rate of return, your annual contributions, the age you will be when you retire, and your marginal tax rate. This calculator will use this information to determine your total contributions and the balance that your Roth account will have when you retire.
A Roth IRA is a great investment tool for retirement planning. Its most popular feature is its tax structure. Money that you contribute to your Roth IRA is taxed before it is deposited. This means that you don't have to pay taxes on the funds when you withdrawal them. This can save you a lot of money, especially if you are a younger investor who will most likely be in a higher tax bracket when they retire. Another advantage of the Roth IRA is the option to use up to $10,000 of your Roth IRA funds to buy a house without penalties. If you would like to see how a Roth IRA can help you save for your retirement then you should use our Roth IRA Calculator.