Looking for an easy-to-use Roth IRA calculator?
Well, look no further!
Roth IRAs are one of the best ways to save for retirement. But, did you know there are strict rules on who can and cannot make deposits to a Roth IRA account each year? It’s true!
Pay attention because you don’t want to mess this up – putting money in a Roth IRA when you’re not allowed to can leave you with hundreds, maybe even thousands, in IRS penalties (even if it was done by accident). In other words, it is crucial to make sure you’re eligible to participate in a Roth IRA before you deposit any money into the account.
Use this free, simple Roth IRA calculator to see
how much you can contribute to a Roth IRA in 2020!
How do you know if you're eligible to put money in a Roth IRA?
You have two options:
1) Thumb through pages and pages of confusing, complex IRS guidelines and figure it out on your own;
2) Try out our free and simple Roth IRA contribution calculator to find out in seconds whether you’re eligible to contribute to a Roth IRA.
The Bottom Line
Figuring out whether you can use a Roth IRA has never been easier. For example, all you need for this handy Roth IRA contribution calculator is your age, marital status, employment income, in addition to any other IRA contributions you’ve made this year. Boom, done!
Open a Roth IRA today!
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