Roth IRA vs. Traditional IRA Comparison
For informational purposes for U.S. taxpayers. Tax laws can change.
- Your Financial Details
- Comparison & Projections
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Comparison Overview
| Feature | Traditional IRA | Roth IRA |
|---|---|---|
| Tax on Contributions | May be tax-deductible (pre-tax dollars) | Not tax-deductible (after-tax dollars) |
| Tax on Investment Growth | Tax-deferred | Tax-free |
| Tax on Qualified Withdrawals in Retirement | Taxed as ordinary income | Tax-free |
| Required Minimum Distributions (RMDs) for Original Owner | Yes (typically starting at age 73/75, per current law) | No |
Projected Financial Outcomes
| Projection Metric | Traditional IRA | Roth IRA |
|---|---|---|
| Annual Tax Savings (Current Year) | $0.00 | $0.00 |
| Total Contributions Made (by retirement) | $0.00 | $0.00 |
| Projected Value at Retirement (Pre-Tax for Traditional) | $0.00 | $0.00 |
| Estimated Taxes on Withdrawals at Retirement | $0.00 | $0.00 |
| Projected Net Value for Retirement (After All Taxes) | $0.00 | $0.00 |
| Total Immediate Tax Savings (Over contribution period) | $0.00 | $0.00 |