Roth Conversion Calculator
Calculator Interface
Calculation Results
Estimated Taxes Due
$0.00
Future Roth IRA Value
$0.00
Data Source and Methodology
All calculations are based on standard tax formulas and IRS guidelines. For precise rates, consult the IRS or a tax professional.
The Formula Explained
Taxes Due = Conversion Amount × (Marginal Tax Rate / 100)
Glossary of Terms
- IRA Balance: The total amount currently in your IRA.
- Marginal Tax Rate (%): The tax rate you pay on an additional dollar of income.
- Conversion Amount: The amount you plan to convert from a traditional IRA to a Roth IRA.
Frequently Asked Questions (FAQ)
What is a Roth IRA conversion?
A Roth IRA conversion involves transferring funds from a traditional IRA into a Roth IRA, which may result in taxable income.
Why consider a Roth conversion?
Roth conversions can be advantageous for tax-free withdrawals in retirement and for estate planning.