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Roth IRA Conversion Calculator
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. Choose from the following options:
Savings
Compounding Interest
College Savings
Certificate of Deposit
CD Ladder
Benefit of Spending Less
Accumulate Savings
Save a Million
Savings Goals
Emergency Savings
Lunch Savings
Savings, Taxes, and Inflation
Personal
Credit Assessment
Net Worth
Checkbook Balancer
Home Budget Analysis
Retirement
Roth IRA
Roth IRA Conversion
401(k) Savings
Traditional IRA
Social Security Benefits
Retirement Planner
Loan
Loan & Credit Line Tax Savings
Loan & Credit Line Payment
Loan Comparison
Alternative Payment Frequencies
Enhanced Loan Options
Debt Consolidation
Home Equity Line of Credit
Existing Loan Analysis
Mortgage
Bi-Weekly Payment
Current Mortgage Loan
Mortgage Tax Savings
Adjustable Rate Mortgage
Mortgage APR
Reverse Mortgage
Mortgage Payoff
Mortgage Points
Mortgage Qualifier
Mortgage Refinance
Rent vs. Buy
Refinance Interest Savings
Mortgage Comparison
Auto
Auto Rebate vs. Low Interest Financing
Credit Card & Debt
Managing Debt
Student Loan Consolidation and Payoff
Personal Debt Consolidation
Credit Card Payoff
Insurance
HSA Goals
HSA Contributions
HSA Savings
HSA vs. Traditional Health Plan
Life Insurance
Disability Insurance