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    CALCULATORiQ™

    IRA Calculator

    2026 Limit: $7,500
    Catch-Up (50+): +$1,000

    Your IRA Details

    Max: $7,500

    Traditional vs Roth Comparison

    Traditional IRA

    Balance at Retirement

    $1,223,207

    After-Tax Value (Est.)

    $1,039,726

    Annual Tax Savings Now

    $1,540

    20% Deductible

    Roth IRA

    Recommended

    Balance at Retirement

    $1,223,207

    After-Tax Value

    $1,223,207

    Tax-Free Growth

    $963,207

    100% Eligible

    Over 35 years, Roth IRA may provide $183,481 more in after-tax value(based on estimated tax rates)

    Understanding IRAs

    Traditional IRA: Contributions may be tax-deductible now, but withdrawals are taxed as ordinary income in retirement. Best if you expect to be in a lower tax bracket when you retire.

    Roth IRA: Contributions are made with after-tax dollars, but qualified withdrawals are completely tax-free. Best if you expect to be in a higher tax bracket in retirement or want tax-free income.

    Backdoor Roth: If your income is too high for direct Roth contributions, you may be able to contribute to a Traditional IRA and convert to Roth. Consult a tax professional.

    Educational Purposes Only

    This calculator provides estimates based on simplified assumptions. Tax laws are complex and individual circumstances vary. The comparison assumes a 15% tax rate in retirement, which may differ from your actual situation. Consult a tax professional or financial advisor for personalized advice.