Please consider the charges, risks, expenses and investment objectives carefully before investing. Please see a prospectus , or if available, a summary prospectus containing this and other information. Read it carefully before you invest or send money.
This calculator should not be used to calculate RMDs from inherited accounts, as different calculation rules apply.
If you do not take withdrawals, or you take less than you should, you'll owe a 50% federal penalty tax on the difference between the amount you withdrew and the amount you should have withdrawn. And you'll still have to withdraw the required amount and pay income tax due on the taxable amount. To determine how much of your RMD will be taxable, complete Form 8606, available at the IRS website.
Tax information contained herein is not intended or written to be used, and it cannot be used by taxpayers for the purposes of avoiding penalties that may be imposed on taxpayers. Such tax information and any estate planning information is general in nature, is provided for informational and educational purposes only, and should not be construed as legal or tax advice.
A IRA should be considered a long-term investment. IRAs generally have expenses and account fees, which may impact the value of the account. Non-qualified withdrawals may be subject to taxes and penalties. Maximum contributions are subject to eligibility requirements. Depending on your eligibility, you may not be able to contribute the maximum amount. For more detailed information about taxes, consult IRS Publication 590 or your tax adviser regarding your personal circumstance.
Janus Distributors LLC