Roth IRA Conversion

In 1997, the Roth IRA was introduced. This new IRA allowed for contributions to be made on an after-tax basis and all gains (or growth) to be distributed completely tax-free. Since then, people with incomes under $100,000 have had the option to convert all or a portion of their existing Traditional IRAs to Roth IRAs. Beginning in 2008, participants with funds in eligible employer sponsored plans could also roll those funds directly over to a Roth IRA in a qualified rollover if their income did not exceed the $100,000 threshold. Starting in 2010, all IRA owners and participants in eligible employer sponsored plans, regardless of income level, are eligible to convert their Traditional IRA and pre-tax funds in an employer-sponsored plan [401(a)/(k), 403(b) and governmental 457(b)] to a Roth IRA. Is this a good option for you? A conversion has both advantages and disadvantages that should be carefully considered before you make a decision. This calculator compares two alternatives with equal out of pocket costs to estimate the change in total net-worth, at retirement, if you convert your Traditional IRA into a Roth IRA.

Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator.

For more information about these these financial calculators please visit: Dinkytown Financial Calculators from KJE Computer Solutions, LLC


PERSONAL BUSINESS WEALTH INSURANCE
Personal Banking
Personal Checking Accounts
Home Mortgage
Mortgage Refinance
Personal Lending
Investing & Retirement
Learn & Plan
Personal Online Services
Business Banking
Business Checking Accounts
Cash Management
Merchant Services
Small Business Lending
Commercial & Institutional
Business Online Services
Advisory Services
Retirement & Planning
Wealth Investing
Wealth Products
Personal Insurance
Business Insurance
Renters Insurance
Term Life Insurance
Homeowners Insurance
Pet Insurance
NOT A DEPOSIT • NOT FDIC-INSURED • NOT GUARANTEED BY THE BANK
NOT INSURED BY ANY STATE OR FEDERAL GOVERNMENT AGENCY • MAY GO DOWN IN VALUE

BB&T Complete Client Protection