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Mega Backdoor Roth IRA Explained | Save $67,000 Tax-Free Every Year
by Retirement Advisor | Sep 16, 2022 | 3 Comments
Create Your Solo401k Today! (this is what I use) - Get A Free $100 Visa Card When You Use Gusto For Payroll! (also what I use) - In this video, I'll explain exactly how a Mega Backdoor IRA works for small businesses and how you can use this retirement account to save $61,000 per year tax-free as a...
Retirement Calculator — calculate retirement age
This calculator easily answers the question "Given the value of my current investments and assuming future monthly investments of "X", at what age will I reach my retirement goal?"
The user enters their "Current Age", the "Monthly Amount Invested",the "Annual Interest Rate (ROI)" (annualized Return on Investment one expects to earn) and "Amount Desired At Retirement".
The calculator quickly calculates the user's retirement age and creates an investment schedule plus a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.
If you need a more advanced "Retirement Calculator" - one that calculates many more unknowns and one that calculates assuming retirement income and not a final lump sum then try the calculator located here: https://AccurateCalculators.com/retirement-calculator
Currency and Date Conventions
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.