Do you gain by converting IRA into Roth IRA?
Compare between a Traditional IRA and a Roth IRA on basis of the net benefits they provide. Opt for a change only when it's profitable.
Consequences of converting IRA into Roth IRA
|Traditional IRA||Roth IRA|
|Estimated Account Value at Retirement|
|Total Value of Distributions|
|Taxes Due at Conversion|
|Lost Investment Opportunity|
|Post Retirement Tax|
|Total Tax Due|
|Net After-Tax Value of Account|
|Greatest Net Value|
Assumptions: Federal Adjusted Gross Income(AGI) before IRA conversion is assumed to be $100,000 or less, if married it assumed you are filing jointly, and contributions that have been made to any Traditional IRA were fully deductible.