Taxland, Inc

The Home of
Many Happy Returns™

TaxLand, Inc.
100 Jericho Turnpike, Suite 225
Jericho, NY 11753-2702
 
Phone: 516-465-6500
 
Fax:       516-794-7662


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IRA Calculator

This traditional IRA calculator calculates the yearly distribution after retirement if you contribute your money into a traditional IRA and then compares this amount to the yearly distribution when you put your money into a non-IRA account instead.

It shows the power of income tax deferral when you contribute money into your traditional IRA. Under an ordinary investment account, the interest earnings from the account are taxable. This reduces the after-tax rate of return that your money is compounded. If you use the money to contribute into a traditional IRA (even with the same investment instruments), the accumulated interest earnings will taxed only when you withdraw them. The rate return used for compounding is the before-tax rate of return.

The following traditional IRA calculator shows you the power of interest compounding when the interest earnings of your investments in your traditional IRA is tax deferred.

Warning! You should try different value for the variables in the form provided because no one can be sure about future income tax brackets, future rate of return on investments and so on. Different sets of values for these variable generate very different results!

Basic Information Needed for this traditional IRA Calculator  
Expected Average Future Annual Rate of Return on Your Investments %
Yearly Contribution to your IRA or non-IRA account
("qualified" contribution limit in year 2001 is $2,000)
$ /year
Pre-retirement (expected) Marginal Income Tax Rate %
Post-retirement (expected) Marginal Income Tax Rate %
Current Age
Expected Retirement Age
Distribution from your IRA Until What Age?


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Attorney Advertising (Included because Chet Greenspan, the President of TaxLand, Inc., is an attorney.)

 TaxLand, Inc. has been providing accounting services in the New York (NY), Long Island communities of Nassau County, Queens County, Metropolitan New York Area, Brooklyn, Bronx, Staten Island, Manhattan, Suffolk County, Westchester, Kings County, New Jersey (NJ), Florida (FL) , North Carolina (NC), Virginia (VA), Washington DC (DC), Massachusetts (MA),  Pennsylvania (PA),  Connecticut (CT), California (CA), Oregon(OR), Ohio (OH), South Carolina (SC), Delaware (DE), Maryland (MD), 

Within these states, especially Long Island, New York (NY) we frequently service Addisleigh Park, Albany, Albertson, Alexandria, Allendale, Alpharetta, Amityville, Andover, Ardsley, Arlington, Arverne, Asharoken, Astoria, Atlanta, Atlantic Beach, Babylon, Baldwin, Baldwin Harbor, Baltimore, Bay Shore, Bayshore, Bayside, Bedford, Bedford Hills, Bedminster, Bellerose, Bellmore, Bessemer, Bethpage, Beverly Hills, Binghamton, Blackstone, Blakeslee, Bloomfield, Boca Raton Florida (FL) , Bohemia, Bound Brook, Boynton Beach, Branford, Brentwood, Briarwood, Bridgehampton, Bridgewater, Broad Channel, Bronx, Bronxville, Brookline, Brooklyn, Brookville, Brookville, Calabasas, Caldwell, Cambria Heights, Candor, Carle Place, Carmel Valley, Cedar Grove, Cedarhurst, Centereach, Centerport, Central Islip, Chappaqua, Cherry Hill (NJ), Chicago (IL), Cincinnati (OH), Clifton Park, Cold Spring Harbor, College Point, Columbia, Commack, Copaigue, Coral Springs (FL), Coram, Cornwall, Cortlandt Manor, Cos Cob, Cranbury, Crown Point, Crystal Beach, D' Abadie, Dallas (TX), Danville, Darian, Deer Park, Delray Beach (FL), Deltona, Denver (CO), Derby, Des Moines, Dix Hills, Douglaston, Durham, East Brunswick, East Elmhurst, East Fairfield, East Farmingdale, East Flatbush, East Hills, East Islip, East Meadow, East Northport, East Norwich, East Patchougue, East Rockaway, East Rockaway, East Rutherford, East Williston, Elizabeth, lmhurst, Elmont, Englewood, Essex Falls, Far Hills, Far Rockaway, Farmingdale, Farmingville, Flemington, Floral Park, Floral Park Village, Florham Park, Flushing, Forest Hills, Fort Lauderdale, Fort Lee, Fort Myers (FL), Franklin Lakes, Franklin Square, Frederick, Freehold, Freeport, Fresh Meadows, Ft. Collins, Ft. Myers (FL), Garden City, Garden City Park, Garden City South, Glen Cove, Glen Head, Glen Oaks, Glendale, Glenwood Landing, Golden's Bridge, Great Neck, Greeley, Greenlawn, Greenpoint, Greenport, Greenvale, Greenwich, Hackensack, Hagerstown, Haines City, Hamden, Hampton Bays, Harrison, Hartsdale, Hauppauge, Hayward, Hazlet, Hempstead, Hesperia, Hewlett, Hewlett Harbor, Hicksville, Highland Park, Hillcrest, Hillsdale, Holbrook, Hollis, Holmdel, Holtsville, Horseheads, Howard Beach, Huntington, Huntington Station, Huntington Village, Incline Village, Inwood, Irvington, Isabela, Islamorada, Island Park, Islandia, Islip, Jackson Heights, Jacksonville, Jamaica, Jamaica Estates, Jericho, Jersey City, Jerusalem, Jihlava, Kearney, Kew Gardens, Kilmarnock, Kings Park, Kirkland, Lafayette, Lake Hiawatha, Lake Ronkonkoma, Lake Success, Lakehurst, Lakeville, Land O' Lakes, Larchmont, Laurel Hollow, Laurelton, Lawrenceville, Levittown, Lincoln, Lindenhurst, Little Neck, Locust Valley, London, Long Beach, Long Island City, Long Valley, Longboat Key, Los Angeles (CA), Louisville (KY), Lubbock, Lynbrook, Macon, Madison, Mahopac, Mahwah, Malverne, Mamaroneck, Manchester (NH), Manhasset, Manor Park, Maplewood, Margate, Marlboro, Maspeth, Massapequa, Massapequa Park, Mastic, Mastic Beach, Medford, Melville, Merrick, Mesa, Miami (FL), Miami Lakes, Middle Island, Middle Village, Middletown, Miller Place, Millerton, Mineola, Minneapolis, Minturn, Miramar, Monsey, Monticello, Montville, Morganville, Moriches, Morris Plain, Mountain View, Mt. 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