Roth IRA Conversion  
When Congress created the Roth IRA, millions of Americans who already had traditional IRAs faced a new decision: “Should I convert to a Roth IRA?” Traditional IRAs feature deductible contributions, and withdrawals are taxed as income. Roth IRA contributions, on the other hand, are not tax deductible, although qualified withdrawals of both contributions and earnings from a Roth IRA are free of federal income tax. One issue to consider is that if you convert your traditional IRA to a Roth IRA, you will owe current federal income tax on the amount you convert. This calculator is designed to help you determine whether you should consider converting to a Roth IRA.
     

1. What is your current age?

2. What is the current balance of your IRA?

$

3. What pre-tax return do you expect on your IRA investments (0 to 10 percent)?

%

4. What marginal tax bracket do you expect to be in during your working years?

5. At what age do you expect to begin withdrawing funds from your IRA? (Enter a number between 60 and 70, but at least five years from your current age.)

6. What pre-tax return do you expect on your investments once withdrawals begin (0 to 10 percent)?

%

7. What marginal tax bracket do you expect to be in during your retirement years?

 
   
   
LS Ross CPA's & Financial Services
3590 Cherokee Street Ste. 403
 • Kennesaw, GA • 30144
Phone: (770) 792 2233- Kennesaw
(770) 270 5550 - Atlanta
 • Fax: (770) 792 2243- Kennesaw
(770) 270 0798- Atlanta
• Taxes@lsrosscpa.com

 

 

* These services are offered by Richard Ross and Jennifer Dorward through their affiliation with HD Vest Investment Services SM,  Richard Ross  is also affiliated with H.D. Vest Advisory Services SM.
Investments & Insurance Products: Are not insured by the FDIC or any federal government agency. Are not deposits of or guaranteed by the bank of any bank affiliate.

Richard Ross and Jennifer Dorward are registered representatives registered to transact business with clients in Georgia. Richard is also registered in Kentucky, North Carolina, Indiana, Arkansas and Florida and he is advisory licensed in Georgia. Richard Ross and Jennifer Dorward are insurance agents licensed in Georgia. If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet.

Securities offered through HD Vest Investment ServicesSM, Member: SIPC,
Advisory services are offered through H.D. Vest Advisory ServicesSM,
6333 North State Highway 161, Fourth Floor, Irving, Texas 75038, (972) 870-6000
 
Investments & Insurance Products: Are not insured by the FDIC or any federal government agency are not deposits of or guaranteed by the bank or any bank affiliate may lose value

LS Ross CPA's & Financial Services is not a registered broker/dealer or independent investment advisory firm.