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 12 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 12 percent)?

%

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

 
   
   
Independence Financial Group
600 Luckie Drive, Suite 200 • Birmingham, AL • 35223
Phone: (205) 268.8384 • Fax: (205) 268.3949
www.indfg.com • JeffLooney@IndFG.com

Investment Advisory services offered through Investment Advisors, a division of ProEquities, Inc., a Registered Investment Adviser. Securities offered through ProEquities, Inc. a registered broker-dealer and member of FINRA & SIPC. Independence Financial Group is independent of ProEquities, Inc.

Please be advised that representatives of Independence Financial Group hold 6, 63, 65 licenses in AL, AZ, GA, & MS. For residents of other states in which registration is not held, proper licenses and registrations must be obtained by the representatives before proceeding further. No part of this communication should be construed as an offer to sell any security or provide investment advice or recommendation. Securities offered through ProEquities, Inc. will fluctuate in value and are subject to investment risks including possible loss of principal.

 

Privacy Policy