Many investors use tax planning strategies in a retirement income plan, both before and during retirement. Strategies include:
- Converting traditional IRA assets to a Roth IRA
- Planning charitable giving amounts
- Targeting withdrawals by account type
Estimate your tax impact using these strategies
Use this calculator to estimate your taxes for this year or last year. The calculator uses your expected income and taxable activity for the selected year and applies the current IRS tax code to give you a hypothetical view of your tax impact.
This isn't intended to be a recommendation, and isn't tax advice. Results are based on simplified assumptions and don't take all situations into account. As always, before making any decisions about your income plan or withdrawals you should consult with your tax advisor.
