JAS Financial Services, LLC
Joseph A Smith, CPA/ PFS, JD, AEP®
Member
1603 Orrington Avenue
Suite 600
Evanston, IL 60201
847-328-8011
Fax 847-780-7920
joe@jasfinancialllc.com
https://jasfinancialllc.com/
 
 




Traditional IRA Future Value Calculator
Traditional IRA Future Value Calculator

This calculator will estimate and chart the future value of a tax-deferred traditional IRA. Just enter the required information to calculate the potential value at retirement. The calculation assumes that the same annual contribution is made at the end of each year until retirement, and that all contributions are fully tax deductible. Investment earnings are compounded annually on a tax-deferred basis.


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IRA contribution limits, including "catch-up" contributions for individuals age 50 or over, are summarized in the table below.

Years
%


Contribution limits:

Tax year beginning inContribution limits (under age 50)Additional catch-up contribution limits (age 50 or over)
2013 - 2018$5,500$1,000
2019$6,000$1,000


This calculation assumes that each contribution is fully tax deductible. If either the IRA owner or spouse participates in an employer-sponsored retirement plan, the deductibility of contributions is subject to limitations based on tax filing status and modified adjusted gross income. Withdrawals from traditional IRAs are subject to federal income tax to the extent that they consist of deductible contributions and investment earnings. Withdrawals made before age 59½ may also be subject to a 10 percent penalty.



The foregoing is provided for information purposes only.  It is not intended or designed to provide legal, accounting, tax, investment or other professional advice.  Such advice requires consideration of individual circumstances.  Before any action is taken based upon this information, it is essential that competent, individual, professional advice be obtained.  JAS Financial Services, LLC is not responsible for any modifications made to this material, or for the accuracy of information provided by other sources. 

This communication is strictly intended for individuals residing in the state(s) of IL. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019.