2. (For Married Couples) Calculate Maximum Cost %
Use this drop-down menu to determine how much your maximum costs will be depending on combined amounts of your Net Income (Net Inc.) and IRA account values.
For Illustration purposes, we will use $200,000 Net Income for Married couples. (*Please note, we are only covering the potential taxes due on the IRA to Roth Conversion....not the taxes due on any of the NET Income.)
For Illustration purposes, we will use $200,000 Net Income for Married couples. (*Please note, we are only covering the potential taxes due on the IRA to Roth Conversion....not the taxes due on any of the NET Income.)
3. (For Married Couples with Existing ROTH IRAs)
Use this Drop down Menu to determine how much of your existing Roth's we must utilize to reduce your net tax costs to zero!
For Roth IRA's that have contributions more than 5 years old (for individuals above age 59.5), you can take any withdrawal amount out on a completely tax-free basis. Therefore, if you utilize our Roth Relief Program, we can then transfer just enough Roth Account Value to cover all your IRA conversion costs!
For Roth IRA's that have contributions more than 5 years old (for individuals above age 59.5), you can take any withdrawal amount out on a completely tax-free basis. Therefore, if you utilize our Roth Relief Program, we can then transfer just enough Roth Account Value to cover all your IRA conversion costs!
