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?

 
   
   
My Reliance
3400 Croasdaile Dr., Suite 206 • Durham, NC • 27705
Phone: 919-489-1720 • Fax: 919-489-2786
• info@mybpginc.com

 Reliance Financial Group, Inc. - 3400 Croasdaile Drive, Suite 206 - Durham, NC - 27705
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Reliance Financial Group, Inc. is a fee based registered investment advisory company licensed in the state of North Carolina. The information presented herein is for informational purposes only and does not constitute an offer to sell securities or investment advisory services. Such an offer can only be made in North Carolina or any state where an exemption from notification is currently available under the de minimis exemption rule.
The investment advisor is an independent advisor and receives no compensation from any corporations, brokerage houses, organizations or special interest groups by making recommendations to purchase any of the investment products used. The advisor is a fee-only advisor and receives no commissions for client trades.