Is converting my IRA or rolling over my retirement plan assets to a Roth IRA right for me?
The following factors may play a role in determining whether a conversion of Traditional IRA assets or a rollover of employer-sponsored retirement plan assets to a Roth IRA is the right choice for you.
- Anticipated tax rate at retirement
- Years until retirement
- Current tax rate
- Earning rate assumptions
- Distribution plans at retirement
For some individuals, there are significant tax saving opportunities provided by the Roth IRA conversion option. Conversion to a Roth IRA is not, however, right for everyone. Use the conversion calculator to gain a better understanding of how various assumptions can affect your decision.