Why a Roth Conversion Calculator Is Your Best Friend for Retirement Planning
Deciding whether to convert a traditional IRA or 401(k) into a Roth IRA is one of the more consequential choices you can make for your retirement savings. The trade-off is simple in theory: you pay income tax now on the amount you convert, and in exchange, future withdrawals are tax-free. In practice, though, the math can get complicated fast. Tax brackets, your current and future marginal tax rate, the time horizon until you need the money, and even the role of inflation al