In this article I’ll walk you through how to use a Roth IRA Calculator while pointing out the benefits of this awesome tool along the way. Let’s dive in.
What is a Roth IRA Calculator?
It’s a tool that helps you estimate what your Roth IRA account balance will be when you retire, based on different factors like how much you plan to contribute to the account over time.
Why Should You Use One?
You can figure out how much to invest in your Roth IRA right now and estimate what the future reward will be when you retire. It’s also incredibly powerful to see how variables like age and yearly contribution amount will impact your returns.
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