Menu connect Roth IRA Conversion Should You Convert Your Traditional IRA to a Roth IRA? When Congress created the Roth IRA, millions of Americans who already had traditional IRAs faced a new decision: “Should I convert to a Roth IRA?” Traditional IRAs feature deductible contributions, and withdrawals are taxed as income. Roth IRA contributions, on the other hand, are not tax deductible, although qualified withdrawals of both contributions and earnings from a Roth IRA are free of federal income tax. This calculator is designed to help you determine whether you should consider converting to a Roth IRA. What is your current age? 0 10 20 30 40 50 60 What is the current balance of your IRA? 0 50k 100k 150k 200k 250k What pre-tax rate of return do you expect on your IRA investments (0% to 10%)? 0 2 4 6 8 10 What federal income tax bracket do you expect to be in during your working years? 10 12 22 24 32 35 37 Previous Next This hypothetical example is used for illustrative purposes only. Actual results will vary. This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek advice from an independent tax or legal professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions. © 2021 Broadridge Investor Communication Solutions, Inc. Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC. The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following sates: MD, WV, PA, SC, FL, GA, ME Privacy Policy Site Map Back To Top