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?

 
   
   
ASASP Jacob|William, Inc.
9515 Deereco Rd, Suite 201 • Timonium, MD • 21093
Phone: 410-821-6724 • Fax: 410-821-6729
• dmorrison@jacobwilliam.com

Jacob| William, Inc is a Registered Investment Advisor.  Jacob/William, Inc. and ASASP are not affiliated companies.

Jacob |William representatives are insurance licensed in our resident state of Maryland, as well as the following states: Pennsylvania, Virginia and Delaware.  For additional licensing information please contact Daniel Morrison at 410-821-6724. Not an offer or solicitation in any state where representatives are not licensed.

 Jacob|William does not provide tax advice.  Please consult a qualified tax advisor regarding your individual circumstances.