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Traditional vs. Roth Calculator

IRA Suitability Questionnaire

Answer a few quick questions to see whether a Traditional IRA or Roth IRA may fit you better.

Educational use only. This tool is not financial, tax, or legal advice. IRA eligibility, deductibility, contribution limits, and tax treatment depend on your situation and current laws. Please consult a qualified professional before acting.
1. What is your current age?
Please select an option.
2. What is your current annual income?
Please select an option.
3. Do you expect to be in a higher or lower tax bracket during retirement?
Please select an option.
4. Would you rather pay taxes now or later?
Please select an option.
5. Do you expect to need access to contributions before age 59 1/2?
Please select an option.
6. Do you want to minimize taxable income today?
Please select an option.
7. Are you currently eligible for an employer-sponsored retirement plan?
Please select an option.
8. How important is tax-free income in retirement to you?
Please select an option.

Result

Complete the questionnaire to see your result.
This result is a general indicator only and is intended for educational purposes.
Score breakdown
Roth: 0 | Traditional: 0
Some households use both account types to diversify future tax exposure.
Important IRA Disclosure. Some IRA’s have contribution limitations and tax consequences for early withdrawals. For complete details, consult your tax advisor or attorney. Distributions from traditional IRA’s and employer sponsored retirement plans are taxed as ordinary income and, if taken prior to reaching age 59 ½, may be subject to an additional 10% IRS tax penalty. A Roth IRA offers tax free withdrawals on taxable contributions. To qualify for the tax-free and penalty-free withdrawal or earnings, a Roth IRA must be in place for at least five tax years, and the distribution must take place after age 59 ½ or due to death, disability, or a first-time home purchase (up to a $10,000 lifetime maximum). Depending on state law, Roth IRA distributions may be subject to state taxes.