Roth IRA Conversion  
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. One issue to consider is that if you convert your traditional IRA to a Roth IRA, you will owe current federal income tax on the amount you convert. This calculator is designed to help you determine whether you should consider converting to a Roth IRA.
     

1. What is your current age?

2. What is the current balance of your IRA?

$

3. What pre-tax return do you expect on your IRA investments (0 to 10 percent)?

%

4. What marginal tax bracket do you expect to be in during your working years?

5. At what age do you expect to begin withdrawing funds from your IRA? (Enter a number between 60 and 70, but at least five years from your current age.)

6. What pre-tax return do you expect on your investments once withdrawals begin (0 to 10 percent)?

%

7. What marginal tax bracket do you expect to be in during your retirement years?

 
   
   
Bellevue, Seattle, Kirkland Certified Financial Planner, CFP / Planning Advisor Bellevue, Seattle, Kirkland

  

At ICON Consulting, our focus is to provide our clients with strategic, knowledge based consulting and advice.  At times, we may also assist our clients with securities related services.  However, these services may only be provided to individuals residing in the states in which we are registered to conduct securities related business.  These states are:  California, Florida, Massachusetts, Maryland, Minnesota, New Hampshire, Ohio, Oregon, Texas, Virginia, and Washington.  The information contained in this website is intended for use only by residents of these states or for individuals interested in ICON's financial planning and consulting services.  By viewing our site, you are verifying that you meet one of those two criteria.  Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor, member FINRA/SIPC.  Fee based consulting and financial planning offered through ICON Consulting, an independently owned and operated Registered Investment Advisor.  “2008, 2009, 2010, & 2011 Five Star Wealth Manager: Best in Client Satisfaction” - Seattle Magazine.  Locally owned and  independently operated, ICON Consulting is one of the industry's leading comprehensive wealth management and financial planning firms serving Seattle, Bellevue, Kirkland, and the Northwest.  As a Registered Investment Advisor firm in the state of Washington, ICON has a team of Wealth Managers, CFP's, Financial Planners, and Financial Advisors that are here to help you objectively manage your family's wealth.

ICON Consulting, LLC
10655 NE 4th Street, #704
Bellevue, WA  98004
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info@ICONconsultingllc.com



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