Roth IRA Conversion Analyzer

Roth IRA Conversion Analyzer

In order to complete our calculations and to determine if you should convert your traditional IRA into a Roth IRA, we need to collect some financial information about your past IRA investing.

Specifically, you will need to determine both your past deductible and past non-deductible IRA contributions. You may want to reference your financial records before proceeding.

What is your tax return filing status?
Single or Head of Household
Married, Filing Jointly

What is the current balance of your IRA(s) (both Deductible and Non-Deductible)?
$

Were all of your IRA contributions in the previous years deductible contributions?
Yes (If Yes, then proceed to #5)
No (If No, then proceed to #4)

What is the total of your Non-Deductible IRA contributions?
$

Although it may be difficult to remember your past Non-Deductible IRA contributions, this financial information is necessary to calculate the Future Value of your Non-Deductible IRA and to determine if you should convert your Regular IRA into a Roth IRA. You may want to reference Form 8606 from the IRS to determine this figure.

Please enter the number of years until you plan on making withdrawals from your IRA. Please note that withdrawals from your IRA before age 59½ will be subject to a 10% early withdrawal penalty.
years

What is your anticipated annual rate of return? Please enter a rate between 0% and 12%. Keep in mind, long term returns greater than 8% are less likely to be consistently achieved.
%

Enter your current marginal tax rate. Keep in mind that these ranges are subject to change.
%

2013 Federal Income Tax Brackets and Rates

Single Return	Married Filing Jointly Return	Federal Tax Rate
$0 – $8,925	$0 – $17,850	10%
$8,925 – $36,250	$17,850 – $72,500	15%
$36,250 – $87,850	$72,500 – $146,400	25%
$87,850 – $183,250	$146,400 – $223,050	28%
$183,250 – $398,350	$223,050 – $398,350	33%
$398,350 – $400,000	$398,350 – $450,000	35%
Over $400,000	Over $450,000	39.6%

What you choose for your tax brackets will have a direct effect on your Future Value calculations. If you choose the same for both your current and expected tax rate at retirement, and all of your previous contributions have been deductible, your Future Value calculations for your Deductible IRA and a Roth IRA will be the same.

Of course, our calculators do not take into consideration all possible variables, and the tax rates are also subject to change in the future. Given that, you may want to consult with a tax advisor or legal counsel for advice and information concerning your particular situation.

Enter your expected tax rate at retirement.
%

Assumption: Future value computation for deductible and non-deductible IRAs assumes constant adjusted gross income and tax rates over the period of contributions.

Investment and Insurance Products: Are Not insured by the FDIC or any other federal government agency - Are Not deposits of or guaranteed by the Bank or any Bank Affiliate - May Lose Value

Information published by Wells Fargo Bank, N.A., Wells Fargo Advisors, or one of its affiliates as part of this web site is published in the United States and is intended only for persons in the United States.

Neither Wells Fargo Advisors nor Wells Fargo & Company provides tax advice. Please consult your professional tax advisor to determine how this information may apply to your own situation.

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