Roth Conversion Calculator

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Tax Benefits from Investment Decline

S&P 500 Index suffered a ~20% drop in 2022
By converting your Traditional IRA to a Roth IRA, you pay the taxes on the conversion now out of other non-IRA assets, and you can allow your IRA portfolio to grow income tax-free. Taxes would be higher when the market recovers and portfolios bounce back.

Amount to convert
$
Non-deductible contributions
$
Current age
Age at withdrawal
Rate of return
%
Tax rate (today)
%
Tax rate (at withdrawal)
%
Investment tax rate
%

Calculating Taxes

For information about tax rates, see the IRS 2023 updates and NerdWallet's tax brackets
Adjust the tax calculations to your circumstances



Disclaimer

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances or otherwise. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.