Fidelity Creates Roth IRA Conversion Calculator

With income limits and filing status restrictions being removed on Roth IRAs as of Jan. 1, Fidelity Investments has created an online Roth IRA conversion calculator available to its independent registered investment advisor clients and broker/dealer clients of National Financial, Fidelity’s correspondent clearing business. Using this calculator, advisers can walk their clients through a series of questions to help them determine whether a Roth IRA might be appropriate.

“Given that we’re just one month away from more investors being able to conduct a Roth IRA conversion, now is the time for advisers to schedule appointments with their clients to discuss the unique opportunity,” said Ronald P. Fiske, Jr., executive vice president of Fidelity Institutional Wealth Services. “While a conversion may not be right for everyone, the conversion can help advisers deepen client relationships and uncover other potential consolidation and referral opportunities.”