Roth IRA Conversion  
When Congress created the Roth IRA, millions of Americans who already had traditional IRAs faced a new decision: “Should I convert to a Roth IRA?” Traditional IRAs feature deductible contributions, and withdrawals are taxed as income. Roth IRA contributions, on the other hand, are not tax deductible, although qualified withdrawals of both contributions and earnings from a Roth IRA are free of federal income tax. One issue to consider is that if you convert your traditional IRA to a Roth IRA, you will owe current federal income tax on the amount you convert. This calculator is designed to help you determine whether you should consider converting to a Roth IRA.
     

1. What is your current age?

2. What is the current balance of your IRA?

$

3. What pre-tax return do you expect on your IRA investments (0 to 10 percent)?

%

4. What marginal tax bracket do you expect to be in during your working years?

5. At what age do you expect to begin withdrawing funds from your IRA? (Enter a number between 60 and 70, but at least five years from your current age.)

6. What pre-tax return do you expect on your investments once withdrawals begin (0 to 10 percent)?

%

7. What marginal tax bracket do you expect to be in during your retirement years?

 
   
   
Scott Financial Services
3 Fairwood Drive • Miamisburg, OH • 45342
Phone: 937-865-0133 • Fax: 937-247-0696
• al.scott@wrprr.com

Securities offered to the resdients of the following states only, IN, MS, OH, TN, VA, WI.

Security products are sold by prospectus which contains more complete information about charges, limitations, and expenses. Copies of specific product prospectuses and statements of additional information may be obtained by contacting Al Scott. Prospectuses should be read carefully and the charges, expenses, should be carefully considered before investing or sending money.

Scott Financial Services is a financial services company that offers Life, Disability and Long Term Care Insurance and a broad array of financial products and services.  Allan F. Scott is a Registered Representative and Investment Advisor Representative and offers securities and advisory servicesthrough WRP Investments Inc., Member FINRA & SIPC. Securities and advisory services are supervised from 4407 Belmont Ave. Youngstown, OH 44505, (330) 759-2023. Scott Financial Services is not affiliated with WRP Investments Inc.

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