Spend it or Invest in an IRA?

Value at Retirement

Traditional IRA
Roth IRA

Spending money today has a retirement price tag on it. What you fail to put away today for your retirement will impact how much you have available to you when you are ready to retire. That price tag will depend on how many years you are away from retirement and the rate of return you could receive on those funds over the savings period.

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Flagstar Bank partnered with Fintactix, a financial education company, to make these calculators available. They are for informational purposes only. The results are hypothetical to illustrate general scenarios. The calculators cannot determine that a specific Flagstar product is available to you or that it is the right solution for your circumstances. All Flagstar Bank products require an application and an approval process. Please contact us directly so we can assist you. The calculators also do not provide investment, legal, tax, or accounting advice. Consult with a tax advisor, attorney, or other financial professional for guidance about your situation. Flagstar Bank and our affiliates are not responsible for any content provided by unaffiliated third parties.
To contribute to a Roth IRA, you or your spouse must have earned income and your modified adjusted gross income (MAGI) may not exceed certain limits. To enroll in a traditional IRA, you must be under age 70½ and you, or your spouse, must have earned income.