Roth IRA Conversion Calculator
The Roth IRA Conversion Calculator shows you whether it might be worth converting your Traditional IRA to a Roth IRA. It is for directional purposes only. The calculator takes into account whether you pay your conversion taxes out of IRA proceeds or pull them from other sources.
The results shown are
- A Traditional deductible IRA
- Result of conversion to a Roth IRA (with taxes paid with funds from the IRA distribution)
- Result of conversion to a Roth IRA (with taxes paid with funds obtained outside of the IRA distributions)
Keep in mind, withdrawals from a deductible IRA will be subject to taxes based on your tax rate at the time of the withdrawal.
There are many considerations around a Roth conversion. Running the numbers is one. You should consult with your tax advisor to determine if a Roth IRA conversion is right for you.
*The results reflected are estimated only and do not include a yearly IRA contribution. Actual results may vary.