Roth IRA conversion calculator
Roth IRA conversions are now available to everyone
On January 1, 2010, all investors, regardless of income, became eligible to convert their tax-deferred retirement savings to tax-free Roth IRAs. Roth IRAs differ from Traditional IRAs in how contributions and withdrawals are taxed.
Contributions to a Roth IRA are not tax deductible, but all withdrawals are tax free, provided certain provisions are met. You may benefit from a Roth conversion if you expect to be in a higher tax bracket in retirement, already own taxable and tax-deferred savings accounts, or want to leave a financial legacy to future generations.