See What Your Retirement Tax Bill Could Look Like, in 3 Easy Steps
Curious how much you could pay in retirement taxes? Find out in 60 seconds with our simple, easy-to-use calculator.
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Retirement taxes are easy to overlook… until distributions begin. For Americans who have saved in an IRA or 401(k), rising taxes can mean less income to spend. But many savers have never had their Retirement Tax Bill evaluated.
RTB can change that. This custom tax calculator gives savers insights into the potential size of their tax bill – and what strategies might help them reduce it.
See Your Potential Retirement Tax Bill in 3 Easy Steps
Understand
Get a free report to better understand your taxes in retirement
Review
Review approaches that may help reduce future tax exposure.
Connect
Connect with a qualified financial professional who can help you take the next step.
Why Knowing Your Number Matters
Many savers focus on building retirement assets, but may not give enough attention to how those assets can be taxed later. Traditional IRAs and 401(k)s can create future tax obligations that affect retirement income, Medicare-related costs, and more.
You need real information to make informed decisions about your retirement taxes. If you’ve never seen an estimate of your potential taxes in an IRA or 401(k), this report is for you. Gain clarity and insight for your retirement assets – and build a future for you, not the IRS.
For Savers
See your potential retirement tax bill from your existing qualified account. A clearer view today can help you ask better questions, make more informed decisions, and better understand how to reduce taxes going forward.
SEE MY BILLFor Advisors
Help your clients better understand retirement tax exposure - and ways to potentially reduce it. Customize this calculator and report for your practice, and deliver industry-leading insights that drive client decisions - fast.
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Why Retirement Taxes
Deserve a Closer Look
Most pre-retirees focus on saving enough. That’s the first step. But there's a second step that often gets less attention: determining how much of what you've saved actually ends up in your bank account once the IRS takes its cut.
Traditional IRAs and 401(k) accounts are funded with pre-tax dollars. Taxes generally come due on principal and interest when you take distributions in retirement. That means the balance you see on your account statement isn't actually what you get to spend.
A few factors can drive your potential retirement tax bill:
- Income needs and Required Minimum Distributions. How much taxable income you’ll need in a given year will drive the potential taxes you’ll pay.
- Federal tax brackets. Today's brackets are low thanks to recent federal legislation, but Congress can change them with a vote. Rates could be higher, lower, or the same in the years ahead.
- Medicare surcharges (IRMAA). It’s not just taxes that are impacted by your income. Higher retirement income can push you into higher Medicare Parts B & D surcharge brackets as well.
- Social Security taxation. Up to 85 percent of your Social Security benefits can be taxable depending on your income.
A qualified financial professional can help evaluate all these factors for your unique situation.
Retirement Tax Bill in Action
Take the next step toward a clearer retirement tax conversation.
Frequently Asked Questions
No. There is no cost for the quick calculator analysis and report.
No. This is an educational estimate for illustrative purposes only. It’s not tax advice, financial advice, or a specific recommendation. We encourage you to work with a qualified tax professional about your personal situation.
Your contact information is used to send your report and introduce you to the retirement professional whose page you’re on. It isn’t sold to third parties. You can unsubscribe or request deletion at any time.
Yes. If you would like to review your report with a qualified financial professional, there will be an opportunity to connect once you complete the calculator.