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Should I Convert my IRA to a Roth IRA?

Should you convert your Traditional IRA to a Roth IRA? This calculator helps you to determine the most advantageous option. There are three different input options for calculating contributions to these accounts. All three options take into consideration tax implications and the characteristics of both Traditional and Roth IRAs. This calculator also considers your age, your expected length of retirement, and how much you wish to leave for heirs. Input your estimated rate of return on your deposits, as well as your current and expected future income tax bracket. When you convert to a Roth IRA, you owe income taxes on the amount you are converting. So, if you decide to convert, make sure you have the funds to pay the taxes on the conversion.

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This content is for informational purposes only and may not be applicable to all situations.

Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA and SIPC. Main Office: 2920 South 84th St., Lincoln, NE 68506, 877-525-5727. Life insurance issued by Allstate Life Insurance Company, Home Office, Northbrook, IL; Allstate Assurance Company, Northbrook, IL. In New York, Allstate Life Insurance Company of New York, Hauppauge, NY. Check the background of this firm on FINRA's BrokerCheck website.

Life insurance offered through Allstate Life Ins. Co. & Allstate Assurance Co., 3075 Sanders Rd, Northbrook IL 60062; American Heritage Life Ins. Co., 1776 American Heritage Life Dr., Jacksonville FL 32224. In New York, life insurance offered through Allstate Life Insurance Company of New York, Hauppauge NY. ©2018 Allstate Insurance Company, Northbrook, IL.

Please note that the offering insurance company or its agents and representatives cannot give legal or tax advice. The brief discussion of taxes on this page may not be complete or current. The laws and regulations are complex and subject to change. For complete details consult your attorney or tax advisor.
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