Home
Who We Are
Our Services
Stock Quotes
Resources
Articles of Interest
Financial Briefs
Calculators
Web Resources
Contact

Roth IRA Conversion

In 1997, the Roth IRA was introduced. This new IRA allowed for contributions to be made on an after-tax basis and all gains (or growth) to be distributed completely tax-free. Since then, people with incomes under $100,000 have had the option to convert all or a portion of their existing Traditional IRAs to Roth IRAs. Beginning in 2008, participants with funds in eligible employer sponsored plans could also roll those funds directly over to a Roth IRA in a qualified rollover if their income did not exceed the $100,000 threshold. Starting in 2010, all IRA owners and participants in eligible employer sponsored plans, regardless of income level, are eligible to convert their Traditional IRA and pre-tax funds in an employer-sponsored plan [401(a)/(k), 403(b) and governmental 457(b)] to a Roth IRA. Is this a good option for you? A conversion has both advantages and disadvantages that should be carefully considered before you make a decision. This calculator compares two alternatives with equal out of pocket costs to estimate the change in total net-worth, at retirement, if you convert your Traditional IRA into a Roth IRA.



Dinkytown.net Financial Calculators
Calculators provided by
www.dinkytown.net

Securities and investment advisory services offered through FSC Securities Corporation, member FINRA/SIPC and a registered investment advisor.
Insurance services offered through Besselman and Associates. Besselman and Associates is not registered as a broker dealer or investment advisor.
Check the background of this firm and investment professional on FINRA's BrokerCheck