CalcXML's Roth IRA Conversion Calculator will help you determine if it makes sense for you to convert to a Roth IRA.
» Use our Roth IRA calculator to discover how much you could save in taxes by converting A Roth IRA conversion might be wrong for you if... You lack the cash to pay the likely tax bill generated by the conversion. Some people pay the tax bill with part of the converted balance, bu...
Active or automated Traditional, Roth and SEP IRAs available. Unlimited access to a team of certified financial planners. No annual management fee for your IRA. *Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment advisor. **Offer lasts through 12/31/2024. Only offers...
Under new rules that took effect in 2010, you can convert a traditional IRA into a Roth IRA no matter what your income is. If the conversion turns out to have adverse tax consequences, you'll have plenty of time to reverse the whole transaction, but only
Roth IRA Conversion This calculator can help you determine whether you should consider converting to a Roth IRA. Cost of Retirement Use this calculator to estimate how much income and savings you may need in retirement. More Calculators +
This calculator takes into account catch-up contributions. In addition to regular, annual contributions, individuals age 50 or older by the end of the calendar year can make catch-up contributions to their Traditional and/or Roth IRA accounts up to $1,000 (for 2024). For more information, ...
Roth IRA Contribution Rules For 2024 and 2025, Roth IRA account holders can contribute up to the annual maximum contribution limit of $7,000. If you’re 50 or older, you can make additional “catch-up” contributions of up to $1,000, for a total of $8,000. However, the actual amoun...
Gross Income (MAGI). If you are a single or joint filer, your maximum contribution start to reduct at $146,000 and $230,000 for tax year 2024 and $150,000 and $236,000 for tax year 2025, respectively. See which IRAs you're eligible for with ourRoth vs. Traditional IRA Calculator....
UpdatedNov 8, 2024· 2 min read Roth IRAs have annual income limits, which means that not everyone is able to contribute to one. However, there is a way for high earners to sidestep this. What is a backdoor Roth IRA? A backdoor Roth IRA is a conversion strategy that allows high earn...
You want to pay less tax on any amount you convert to a Roth this year than the amount you would pay if you waited until later to withdraw it. The exact amount depends on your annual taxable income, age, value of your IRA and how much it appreciates after conversion but before you ha...