Most of Your Retirement Savings Has Never Been Taxed.
Your IRA and 401(k) are full of pre-tax money, and a portion already belongs to the IRS. See how much of your balance is built-in tax today, how much that bill could grow over time, and why planning ahead matters.
Where should we send your estimate?
Enter your details to see your results. One of our advisors can follow up to walk through what they mean for your situation.
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Instant clarity in 30 seconds.
Tell us your age, your pre-tax retirement account balance, and your estimated tax rate. Takes about 30 seconds.
We'll show you the tax built into your pre-tax savings today, and how large that bill could grow by the time you draw the money down.
Review your results with one of our advisors. There may be strategies that help you manage when, and at what rate, these taxes are paid.
Here is what we found.
Based on your entries, here is the tax built into your pre-tax savings, and how it could grow over time.
Today 1
at Age 90 2
Could Grow If Left Unaddressed 2
1 Estimated tax on these savings today assumes your current pre-tax balance is subject, in full, to the single tax rate you entered. This is a simplified illustration for educational purposes only. Your actual tax will depend on many factors, including your total income, account type, filing status, tax bracket, and the timing of any withdrawals.
2 Projected figures assume your balance grows at a fixed 5% per year with no withdrawals until age 90, and is then subject, in full, to the same single tax rate. These amounts are shown in future (nominal) dollars, are not adjusted for inflation, and are not directly comparable to today's dollars. The projected growth of the tax figure reflects only the account's assumed growth at a constant tax rate. It is not the result of any particular strategy, is not a prediction of your actual taxes, and will vary based on your circumstances. Neither the firm nor its agents or representatives may give tax or legal advice. Please consult a qualified tax professional.
Here are your next 3 steps.
You now have a clearer picture of the tax built into your pre-tax savings, and how that bill could grow over time. Take note of the difference between today and the projection.
There may be strategies that help you manage when, and at what rate, these taxes are paid, from the timing of withdrawals to other planning approaches. Learn what may fit your situation.
Sit down with one of our advisors at no cost. We'll review your full retirement picture, taxes, income, healthcare, and legacy, and show you what a coordinated plan looks like.
South Shore Retirement Services • 781.836.4214 • Hingham, MA