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Roth IRA Calculator
Post-tax contributions, tax-free withdrawals — the tax-advantage powerhouse.
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Frequently asked questions
Roth vs Traditional IRA — which wins?
Roth wins if your retirement tax rate will be higher than today. Traditional wins the opposite. For young investors in moderate brackets, Roth typically wins due to decades of tax-free growth.
Can I withdraw my contributions early?
Yes — contributions (not earnings) can be withdrawn anytime, tax- and penalty-free. Earnings before 59½ and 5-year rule incur tax + 10% penalty.
Are there income limits?
Yes. 2024: Roth contributions phase out starting $146K single / $230K MFJ; fully blocked above $161K / $240K. Backdoor Roth is an alternative for high earners.
Does Roth have RMDs?
No. Unlike Traditional IRA and 401(k), Roth IRAs have no Required Minimum Distributions in the original owner's lifetime.