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Calculate Your Financial Growth with our Roth IRA Calculator

How We Calculate Your Financial Growth

Once we’ve had a complete and detailed conversation about your finances, we provide a roadmap for you to aim to achieve your financial goals with a comprehensive financial plan. Our goal is to empower you and provide you with financial confidence. Even when life changes and new priorities arise, your plan will update in a way that you will continue to maximize your money while you focus your time and energy on what matters most to you. Meeting regularly also allows us to adjust your plan to your current financial situation.

We believe one of the best ways to save for retirement is a Roth IRA. A Roth IRA is a retirement savings account in which you can contribute money that you’ve paid tax on. Because you already paid income tax on the contributions, all earnings are tax-free when they are withdrawn after a five-year holding period and once you reach age 59 ½. The goal is for your investments to appreciate over time. With a Roth IRA calculator, you can calculate how much you could have in your Roth IRA at retirement based on your current age, the amount you plan to contribute each year, your ideal retirement age, and the rate of return you anticipate.

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Questions we are commonly asked about Roth IRAs are:

1) What are the income limits of a Roth IRA?
2) Can I convert a Traditional IRA to a Roth IRA?
3) What is an alternative to a Roth IRA?
4) Do I have to be of a certain age to begin contributing to a Roth IRA?

5) Can I open a Roth IRA for my children?
6) How does a Roth IRA calculator work?

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We can answer any questions you may have and be there for every step of your financial journey.

In addition, we know that a Roth IRA is only one piece of your plan for the future. Creating a Roth IRA can make an enormous difference in your retirement savings. Even small contributions can grow significantly because of the power of compounding. In addition, as retirement age approaches, learning how and when to withdraw from your retirement savings plans is important. Withdrawal rules for Roth IRAs are more flexible than Traditional IRAs. As financial advisors, we can help you be sure you are making the most efficient financial decisions possible. We will walk you through every tool we utilize to build and maintain your financial plan and review with you regularly to make sure you’re on the right track.

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Roth IRA is Just One Part of the Journey

Our approach is about coming alongside you and planning for your unique needs. Analyzing goals, discovering new opportunities for growth and investment and of course planning for the path ahead are all included.

What does a Roth IRA offer?

A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.

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