Re: IRA not deductible - convert to Roth someday?
Originally Posted by spncity
Yes - exactly my dilemma!
Has anyone yet uncovered or found a calculator that let's us model converting TIRAs to Roths ?
Would like to see what it looks like to convert while working and what it looks like to convert after leaving workforce.
Well, you can read up on Roth IRAs at Fairmark.com and then choose a calculator.
There are also many "Roth IRA conversion calculators" floating around the Internet if you google that quoted phrase.
But essentially if you're working then it's easy to be in a 25% income-tax bracket. If you're not working then it's easier to convert an IRA to a Roth up to the limit of the 15% tax bracket. So your savings will be 25% of whatever amount you would've gone into that bracket...
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