IRA Analyzer
The IRA Analyzer module reviews a client’s eligibility to contribute to a Traditional and Roth IRA and illustrates the potential after-tax income that each IRA type could generate given the same contribution amounts. This information is valuable in helping the client determine what IRA type can have the greatest impact to retirement given different tax rates. The module also provides a simple Roth conversion comparison.
Module Target User – Advisors, Clients
Completion Time – 5 to 15 minutes
This module:
- Explains and compares three IRA types: Traditional (tax deductible), Traditional (non-tax deductible) and Roth
- Determines and displays contribution eligibility to the three IRAs
- Illustrates the three IRA types and a regular taxable investment future after tax retirement values for comparative purposes assuming different tax rates
- Provides a simple IRA conversion (Traditional to Roth) tool