1. Bank accounts (After Tax)
Income Tax
Payroll
Bank accounts (After Tax)
HSA IRS limits:
$6650 family
$3350 individual
52k Aggregate IRS 401k contribution limit
Income Tax
Income Tax
5.5k Aggregate IRS IRA contributions limit
Deductible $
(Taxed $)
(Taxed $)
(Taxed $)
18k Elective Deferral - IRS limit
18k Elective Roth
IRS limit
Additional 5.5k via
KBH Spousal IRA limit
Optional plan limit
Employer Match
Deduction max* adjusted for MAGI
Roth Contribution max* adjusted for MAGI
Health Savings Account (HSA)
Deductible
(Pre-Tax)
In Plan Conv.
Back door
401k – Plan investment options, or self-directed brokerage account
Traditional IRA
Roth IRA
Brokerage
Deductible
(Pre-Tax)
Non-Deductible
(After Tax)
Roth 401k
(After tax)
Deductible
(Pre-Tax)
Non-Deductible
(After Tax)
Non-Deductible
(After Tax)
Non-Deductible
(After Tax)
Qualifying Medical Expenses
Non-Medical Expenses
Principal Tax-Free
Gains Tax-Free
Principal Taxed as Income
Gains Taxed as Income
Withdrawal (roll-over) to Traditional IRA
Principal Taxed as Income
Gains Taxed as Income
Principal Tax-Free
Gains Taxed as Income
Principal Tax-Free
Gains Tax-Free
Principal Taxed as Income
Gains Taxed as Income
Principal Tax-Free
Gains Taxed as Income
Principal Tax-Free
Gains Tax-Free
Principal Tax-Free
Gains Taxed as they are earned
Traditional to Roth
IRA Conversion
(Taxed as ordinary income)
Withdrawal (roll-over) to Roth IRA
In-service withdrawal
To Roth IRA
Saving receipts and taking qualified distributions in later years allows tax-free growth
20% Penalty if withdrawn before age 65
10% Penalty if withdrawn before age 59.5 (unless via series of substantially equal payments or other exceptions)
Required Minimum Distributions at age 70.5
Working tax rate
Retirement tax rate
After-tax Account/Transfer
Pre-Tax Account
Legend
Tax Free
*Traditional IRA max, married filing jointly, 2015:
If < MAGI < then $Traditional_IRA_deduction =
If MAGI < then $Traditional_IRA_deduction = 5500
*Roth IRA max, married filing jointly, 2015:
If < MAGI < then:
If MAGI < then $Roth_IRA_contribution = 5500
$Roth_IRA_contribution = ((MAGI ) * 5500 / 15000) - $Traditional_IRA_contribution

2. Bank accounts (After Tax)
5.d
5.c1
5.c2
5.c1
10% Penalty if withdrawn before age 59.5 (unless via series of substantially equal payments or other exceptions)
Principal Taxed as Income
Gains Taxed as Income
Principal Tax-Free
Gains Tax-Free
Gains Taxed as they are earned
Health Savings Account (HSA)
401k – Plan investment options, or self-directed brokerage account
Deductible
(Pre-Tax)
Non-Deductible
(After Tax)
Income Tax
Roth 401k
(After tax)
In Plan Conv.
18k Elective Deferral - IRS limit
Optional plan limit
18k Elective Roth
IRS limit
Traditional IRA
Roth IRA
(Taxed $)
Deduction max* adjusted for MAGI
Back door
Withdrawal (roll-over) to Roth IRA
Required Minimum Distributions at age 70.5
In-service withdrawal
To Roth IRA
Brokerage
Deductible $
5.5k Aggregate IRS IRA contributions limit
HSA IRS limits:
$6650 family
$3350 individual
20% Penalty if withdrawn before age 65
Non-Medical Expenses
Qualifying Medical Expenses
Payroll
Traditional to Roth
IRA Conversion
(Taxed as ordinary income)
Withdrawal (roll-over) to Traditional IRA
Roth Contribution max* adjusted for MAGI
Employer Match
52k Aggregate IRS 401k contribution limit
Bank accounts (After Tax)
Additional 5.5k via
KBH Spousal IRA limit
Saving receipts and taking qualified distributions in later years allows tax-free growth
Working tax rate
Retirement tax rate
After-tax Account/Transfer
Pre-Tax Account
Legend
Tax Free
*Traditional IRA max, married filing jointly, 2015:
If < MAGI < then $Traditional_IRA_deduction =
If MAGI < then $Traditional_IRA_deduction = 5500
*Roth IRA max, married filing jointly, 2015:
If < MAGI < then:
If MAGI < then $Roth_IRA_contribution = 5500
$Roth_IRA_contribution = ((MAGI ) * 5500 / 15000) - $Traditional_IRA_contribution