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Roth IRA Calculator

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Creating a Roth IRA can make a big difference in your retirement savings. There is no tax deduction for contributions made to a Roth IRA, however all future earnings are sheltered from taxes, under current tax laws. The Roth IRA can provide truly tax-free growth.

Definitions

Starting balance

The current balance of your Roth IRA.

Annual contribution

The amount you will contribute to your Roth IRA each year. This calculator assumes that you make your contribution at the beginning of each year. For 2023 the maximum annual IRA contribution of $6,500 a $500 increase from 2022. It is important to note that this is the maximum total contributed to all of your IRA accounts. The contribution limit increases with inflation in $500 increments. An annual change to the contribution limit only occurs if the cumulative effect of inflation since the last adjustment is $500 or more.

If you are 50 or older you can make an additional ‘catch-up’ contribution of $1,000. The ‘catch-up’ contribution amount of $1,000 remains unchanged for 2023, but will be adjusted for inflation in $100 increments starting in 2024. In order to qualify for the ‘catch-up’ contribution, you must turn 50 by the end of the year in which you are making the contribution.

Roth IRA contributions are limited for higher incomes. If your income falls in a ‘phase-out’ range you are allowed only a prorated Roth IRA contribution. If your income exceeds the phase-out range, you do not qualify for any Roth IRA contribution. The table ‘Roth IRA 2023 Contribution Phaseout’ summarizes the income ‘phase-out’ ranges for Roth IRAs.

Tax Filing StatusIncome Phase-Out Range
Married filing jointly or head of household$218,000 to $228,000
Single$139,000 – $153,000
Married filing separately$0 – $10,000

For the purposes of this calculator, we assume that your income does not limit your ability to contribute to a Roth IRA.

Starting in 2010 high income individuals have the option to make non-deductible traditional IRA contributions and then immediately convert them to a Roth IRA. This can effectively eliminate the income phase-out for Roth IRA contributions.

Current age

Your current age.

Age at retirement

Age at which you plan to retire. This calculator assumes that the year you retire, you do not make any contributions to your IRA. For example, if you retire at age 65, your last contribution occurs when you are actually age 64.

Expected rate of return

The annual rate of return for your IRA. This calculator assumes that your return is compounded annually and your contributions are made at the beginning of each year. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor’s 500® (S&P 500®) for the 10 years ending December 31st 2022, had an annual compounded rate of return of 12.6%, including reinvestment of dividends. From January 1, 1970 to December 31st 2022, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.7% (source: www.spglobal.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution may pay as little as 0.25% or less but carry significantly lower risk of loss of principal balances.

It is important to remember that these scenarios are hypothetical and that future rates of return can’t be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that investment funds and/or investment companies may charge.

Marginal tax rate

The marginal tax rate you expect to pay on your taxable investments. Use the ‘Filing Status and Federal Income Tax Rates on Taxable Income’ table to assist you in estimating your federal tax rate.

Tax RateMarried Filing Jointly or Qualified Widow(er)SingleHead of HouseholdMarried Filing Separately
10%$0 – $22,000$0 – $11,000$0 – $15,700$0 – $11,000
12%$22,000 – $89,450$11,000 – $44,725$15,700 – $59,850$11,000 – $44,725
22%$89,450 – $190,750$44,725 – $95,375$59,850 – $95,350$44,725 – $95,375
24%$190,750 – $364,200$95,375 – $182,100$95,350 – $182,100$95,375 – $182,100
32%$364,200 – $462,500$182,100 – $231,250$182,100 – $231,250$182,100 – $231,250
35%$462,500 – $693,750$231,250 – $578,125$231,250 – $578,125$231,250 – $346,875
37%Over  $693,750Over  $578,125Over  $578,125Over  $346,875
*Caution: Do not use these tax rate schedules to figure 2022 taxes. Use only to figure 2023 estimates. Source: Rev. Proc. 2022-45

Total contributions

The total amount contributed to this IRA.

Maximize contributions

Check this box to contribute the maximum allowed to your account each year. This includes the additional catch-up contribution available when you are age 50 or over.

Total taxable savings

The total amount you would have accumulated by retirement in a taxable savings account.

Roth total at retirement

Total value in your Roth IRA at your retirement. To take any distributions that include earnings that are tax free, the Roth IRA must be opened for 5 tax years. Eligible tax-free distributions include those taken for death or disability, after age 59-1/2, or for a first-time home purchase.

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‘Secrets And Lies’ Season 3: Cornell Might Be The Next Victim? Showrunner Talks About Possible Series Renewal

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'Secrets And Lies' Season 3: Cornell Might Be The Next Victim? Showrunner Talks About Possible Series Renewal

After a mind-blowing season 2 finale, fans are wondering about the possibilities of “Secrets and Lies” season 3. In a recent interview, the show’s executive producer, Barbie Kligman, talked about what fans can expect from a potential third season of the mystery series.

The last episode of “Secrets and Lies” season 2 shocked fans as Kate’s killer was revealed to be Amanda. Apparently, Amanda got jealous after learning that Kate was pregnant, especially because her own infertility issues resulted in a divorce, only to know later that she was also pregnant.

In an interview with TVLine, Kligman said “Secrets and Lies” season 3 will be dependent on the network. “It really just depends on where ABC is and what the numbers are,” she said.

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“Secrets and Lies” suffered a decline in ratings during season 2. The first episode of the second season only had more than 4 million viewers, which is fewer than the episode with the lowest ratings in “Secrets and Lies” season 1. The ratings further went down in the following episodes, as the first eight episodes averaged to 3.22 million viewers, almost half of the 5.61 million average of the first season.

Talking about Juliette Lewis’ character, Kligman hinted the possibility of Andrea Cornell ending up as the victim in “Secrets and Lies” season 3. “There’s a world where that could happen,” she said.

She further explained that the entire season might explore about who could have done the crime. “And given how many enemies Cornell has made over the years, there certainly wouldn’t be a shortage of suspects,” she added.

On the other hand, Lewis said she’s not sure of what’s in store for “Secrets and Lies” or if there will be a season 3. “The options are endless and really exciting, but I’m not sure what else to say or where ABC will even stand with us,” she said to Entertainment Weekly. She added that fans can only hope for the best for the series.

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Bryant Young remembers ‘Colby’ in Hall of Fame induction speech

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Bryant Young remembers 'Colby' in Hall of Fame induction speech

Bryant Young could have rambled on about former teammates and shared more inside stories, but he carved out 2 1/2 minutes of his Pro Football Hall of Fame induction speech for a more meaningful reason.

Young, a four-time Pro Bowl defensive tackle with the San Francisco, provided the most emotional moment of the festivities on Saturday in Canton, Ohio when he paid tribute to his son Colby, who died of cancer at age 15 in 2016.

“I’d like to let you meet Colby,” Young said. “Born in August 2001, Colby loved life. He had an infectious smile, many interests, including football. He was a happy kid. In Fall 2014, when he was 13, Colby started having headaches. A CAT scan revealed a brain tumor. … Five days later, surgeons removed a tumor and told us it was cancer.”

Colby Young initially recovered but the cancer later returned.

“Doctors tried immunotherapy, but it had spread too far, too fast,” Young said. “Colby sensed where things were heading and had questions. He didn’t fear death as much as the process of dying. Would it be painful? Would he be remembered? We assured Colby we’d keep his memory alive and continue speaking his name.

“On October 11, 2016, God called Colby home,” said Young, fighting through tears. “Colby, you live on in our hearts. We will always speak your name.”

Young played 208 games over 14 seasons (1994-2007), all with the 49ers. The first-round pick in 1994 out of Notre Dame had 89.5 sacks in his career.

Young was one of six players inducted Saturday, along with offensive tackle Tony Boselli, cornerback LeRoy Butler, defensive end Richard Seymour, the late receiver Cliff Branch and the late linebacker Sam Mills. Coach Dick Vermeil and official Art McNally also were inducted.

Butler called it a long wait for his induction after his standout career. He played 181 games over 12 seasons (1990-2001) with the Green Bay Packers as a second-round draft pick out of Florida State and picked off 38 passes in his career.

“When you play for the Green Bay Packers, a lot of doors open up,” Butler said. “When you win a Super Bowl, all the doors open up. When you make the Hall of Fame, football heaven opens up. Want to know why? It’s rare company.”

Seymour, who played 164 games over 12 seasons with the New England Patriots (2001-08) and Oakland Raiders (2009-12), was the sixth overall draft pick in 2001 out of Georgia. He had 57.5 career sacks and was on seven Patriots teams that won at least 10 games.

Boselli is the first Jacksonville Jaguars’ player to be inducted. The five-time Pro Bowler played 91 games over seven seasons (1995-2001) after he was the Jaguars’ first-ever draft pick, selected No. 2 overall in 1995 out of Southern California.

Branch, who died in 2019 at age 71, was a three-time Super Bowl champion and four-time Pro Bowler in 14 seasons with the Raiders (1972-85). He had 501 career receptions for 8,685 yards and 67 touchdowns.

Mills, who died from cancer in 2005 at the age of 45, played the first nine seasons of his 12-year career with the New Orleans Saints (1986-94). He finished with the Carolina Panthers (1995-97) and totaled 1,265 tackles with 22 forced fumbles, 20.5 sacks and 11 interceptions.

Vermeil went 120-109 in 15 seasons as head coach with the Philadelphia Eagles (1976-82), St. Louis Rams (1997-99) and Kansas City Chiefs (2001-05). His Rams won the 1999 season’s Super Bowl.

Vermeil’s biggest influence was a college basketball coach. When he coached at UCLA, he got to watch and learn from legendary John Wooden, long considered the best of his trade.

“I took every opportunity I had to spend time with John Wooden,” Vermeil said. “Yes, he’s coaching basketball, but when you watch him practice, the intensity and the discipline and the structure was there of a great football practice and a great football coach and it was so exciting and I learned so much from him.

“A philosophy he implanted in me in conversation, I think about it all the time. One time I was complaining about the players we lost in recruiting. He said sit down. I sat down. When John Wooden says sit down, you sit down. He says, ‘Now listen Coach, don’t worry about those players you don’t have. Just make sure you do a great job of making those who you have the best that they can possibly be.’

“And I’ve operated under that simple philosophy the rest of my coaching career. It is so true. So true. Gosh darn it, thank you John Wooden.”

McNally, 97, became the first official inducted into Canton. He started as an official in 1959, served as referee from 1960-67 and was supervisor of officials from 1968-1991. He oversaw the implementation of instant replay in 1986.

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HIGOTVACCINATED.COM – THIS WEBSITE OFFERS FREE AIRLINES TICKETS FOR VACCINATED PEOPLE!

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HIGOTVACCINATED.COM – THIS WEBSITE OFFERS FREE AIRLINES TICKETS FOR VACCINATED PEOPLE!

Coronavirus has transformed into a significant danger for individuals since it started in 2020. Despite the fact that it started its first circumstance inside the later period of 2019, it’s taken a huge part in 2020 in person’s presence. In the accompanying sections, we’ll examine ways you can get the upsides of immunization.

Inside the U . s . States, the inoculation drive has begun extensive back, and people are guaranteeing they get immunized. For example, Higotvaccinated.com is hoping to get the individuals who have been inoculated in Hawaii. Hence, should you be inoculated, you can get gigantic benefits of your physical alongside different points of view.

What’s COVID 19?

Prior to exploring the immunization, how about we find why this inoculation is getting fundamental for us. Coronavirus is actually a communicable illness that is conveying very much like a fire among individuals. Consequently, to forestall this disease and furthermore the spread, the inoculation drive keeps on being started in an assortment of parts all throughout the planet.

Higotvaccinated.com supports the individuals who have inoculated to sign up on their own destinations and get the chance to go to Hawaii.

Do you know the upsides of immunization?

The inoculation of COVID 19 keeps on being explored for any long period, after extraordinary exploration, there’s some deliverer for us all to rely on. In this way, it may help should you guaranteed that you will get immunized to benefit following benefits.

  1. With inoculation, you can improve your resistance to handle herpes, and you will save in the further assault of COVID 19.
  2. If herpes contaminates an individual, the inoculation will lessen the specific disease, diminishing the danger of passing on due to COVID 19.
  3. If you’re inoculated convenient, moreover, you will save others from getting tainted.

What precisely are Higotvaccinated.com providing for you?

It’s providing a chance to the individuals who end up being inoculated to go to Hawaii. Furthermore, it empowers enrolling the individuals who end up being immunized to sign up on its site, in addition to they can benefit this benefit of getting a chance to visit Hawaii.

Along these lines, it’s another benefit that exist once you acquire the immunization. It is actually a decent method to show individuals the benefits of inoculation. Higotvaccinated.com makes a fundamental stride for the mindfulness one individuals concerning the immunization.

Last Verdict :- Higotvaccinated .com

The pandemic causes everyone to consider new data which could adapt to the people just as their issues. Following the immunization, it is fundamental for anybody to inoculate themselves to guarantee they are secure which help protected in the infection. The U . s . States is focussing about this drive to make everyone secure in the infection, and Higotvaccinated.com can likewise be taking a fundamental key to convince people towards it.

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