Skip to Main Content

Horizon Bank


roth vs Traditional Calculator

Horizon Bank Individual Retirement Accounts can help you meet your retirement goals. Two main types of IRAs exist: the Traditional IRA and the Roth IRA. The Traditional IRA allows contributions to accumulate tax-deferred until withdrawn, making it a great option if you don't have an employer-sponsored retirement plan or want to supplement such a plan. The Roth IRA provides non-deductible contributions and tax-free withdrawals. The Roth IRA, unlike a traditional IRA, doesn't require you to take distributions. You can also continue to contribute after the age of 70 1/2.

This Horizon Bank calculator can help you determine whether a Traditional or Roth IRA is better for your retirement goals. Note that this calculator is only for Traditional versus Roth IRA comparisons, not for Roth 401(k)s.


Compare Locations

Exceptional Service Sensible Advice®

Horizon Bank