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Roth ira calculator3/17/2023 Current Marginal Tax (%): Input your marginal tax rate in percent, adding how much you are taxed on each additional dollar of earnings (Federal, plus optionally State and Local taxes).( 60 is the minimum in the tool, enter 60 if you will withdraw at 59.5). Withdrawal Age: Enter your age when you'll start to withdraw from the IRA.Current Age: Enter your age today, or the age you will be when you convert the IRA.3 Roth IRA Conversion Calculator Disclaimer Inputs to the Conversion Tool Read the TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition. Its California Certificate of Authority number is 6992. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. Its California Certificate of Authority number is 3092. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. Each is solely responsible for its own financial condition and contractual obligations. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. SIPC only protects customers’ securities and cash held in brokerage accounts. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC, distributes securities products. Please consult your tax or legal advisor to address your specific circumstances. The TIAA group of companies does not provide legal or tax advice. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.Ĭonsumer and commercial deposit and lending products and services are provided by TIAA Bank®, a division of TIAA, FSB. You should read all associated disclosures. Contact your tax advisor regarding the tax implications. The assumptions underlying this tool are provided here and will change over time and from time to time. The purpose of the tool is not to predict future returns, but to be used as education only. Investment, insurance product purchase or contribution decisions should be made based on your own objectives and circumstances. This material does not take into account your specific objectives or circumstances, or suggest any specific course of action. The information that you may derive from this tool is for illustrative purposes only and is not individualized or based on your particular needs. As such, you should consider your other assets, income and investments and you should not rely on the information as the primary basis for making investment or insurance product purchase or contribution decisions. In making this tool and information available to you, TIAA assumes that you are capable of evaluating the information and exercising independent judgment. You should not view or construe the availability of this tool as a suggestion that you take or refrain from taking a particular course of action, as the advice of an impartial fiduciary, as an offer to sell or a solicitation to buy or hold any securities, as a recommendation of any securities transactions or investment strategy involving securities (including account recommendations), a recommendation to rollover or transfer assets to TIAA or a recommendation to purchase an insurance product. This tool is intended to provide you with information to help you make informed decisions. This material is for informational or educational purposes only and does not constitute investment advice under ERISA, a securities recommendation under federal securities laws, or an insurance product recommendation under state insurance laws or regulations. If you would like help, you can call us at 80. The tools and information on this webpage permit you to model scenarios of converting a traditional IRA to a Roth IRA based on information you specify about your age, retirement age, projected tax rate, projected rate of return, conversion amount, taxable amount, and current and future tax rates based on information you specify. If you are not sure what your rate is or should be, please consult a tax professional. 1 This should be a rate that you’ve determined best represents the rate that the converted amount will be taxed at.
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