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Subject:  Re: Roth IRA Calculator Date:  3/15/2002  1:43 AM
Author:  FoolEugene Number:  33991 of 88498

With the new changes in contributions to IRA's, does anyone know of a site(s) that has a calcultor appropriate to calculate the long term benefits of contributing?

It would be very good, but I do not know any calculator that "knows" the last year's law that increases retirement account contribution limits. It would be very good to have an option "maximum allowable by law" as an answer to the question "How much are you going to contribute each year". Being able to fill in different contributions for future years or ranges of years would also be good.

Even though Quicken's Retirement Planner does not even let you input more than $2,000 IRA contribution, I like it because it is very demonstrative - it is very easy to change the initial data and see how results change.

Also, Morningstar's Asset Allocator, Portfolio and other tools illustrate things very well.
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