Spend it or Invest in an IRA?
Use this calculator to compare your potential savings if you open a Roth IRA (withdrawals in retirement are not taxed) or a Traditional IRA (your contributions are tax-deductible the year you make them).
*These calculators are hypothetical examples used for illustrative purposes and do not represent the performance of any specific investment or product. Rates of return will vary over time, particularly for long-term investments. Investments offering the potential for higher rates of return also involve a higher degree of risk of loss. Actual results will vary.