The One Big Beautiful Bill raised the SALT cap — but a MAGI-based phaseout means many high-income taxpayers will see far less. Find your number in seconds with our calculator below.

Illinois doesn't tax retirement income — so funding a Traditional 401(k) and later converting to Roth can lock in a 4.95% state tax savings that a Roth 401(k) gives away.

Converting from a traditional IRA to a Roth IRA is a taxable event.

A Roth IRA offers tax free withdrawals on taxable contributions.

To qualify for the tax-free and penalty-free withdrawal or earnings, a Roth IRA must be in place for at least five tax years, and the distribution must take place after age 59 ½ or due to death, disability, or a first-time home purchase (up to a $10,000 lifetime maximum). Depending on state law, Roth IRA distributions may be subject to state taxes.

Adjust your situation. Plans you no longer qualify for dim out, and each card updates with your estimated 2026 maximum contribution, the federal tax it could save, and whether a Roth version exists.

The bank tells you what you can borrow. This tells you whether the payment fits the rest of your plan.

A place in the sun is a lifestyle decision first. But it's also one of the largest purchases of your retirement, so it's worth seeing the numbers before you commit.