Description: Roth IRA Conversion Calculator from Fiduciary Wealth Advisors investment management
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.
For information about tax rates, see the IRS 2023 updates and NerdWallet's tax brackets Adjust the tax calculations to your circumstances
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