Fidelity Investments is offering new resources to help investors and advisers decide if converting a regular IRA to a Roth IRA makes financial sense, adding a conversion evaluator calculator to its website that takes 20 minutes or less to use: fidelity.com/rothevaluator. Fidelity also has tax professionals available by phone and at its 132 investor branches across the nation, and has just published a “Viewpoint” article on the importance of tax diversification on its website: fidelity.com/taxdiversification. 

Fidelity found in a recent study that 47% of those earning $100,000 or more a year are actively looking for ways to minimize taxes. While people cannot be sure of what their tax rate will be in retirement, Fidelity advises that people turn to tax diversification to minimize taxes on distributions during retirement, and says that either a full or partial Roth IRA conversion can help them conserve more money in retirement.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.