Pershing
New Roth Conversion Calculator and Retirement Planning Tools for the New Year
Issue 11, 2010
Momentum is building rapidly around the Roth Conversion opportunity that began on January 1, 2010, when millions of householders became eligible to convert to a Roth Individual Retirement Account (IRA). Questions from clients are expected to escalate as tax season approaches: Do I convert to a Roth IRA or not? How much should I convert to a Roth? What are the tax considerations of conversion?
While a Roth conversion may not be appropriate for all client situations, performing a Roth conversion analysis opens the doors to discussions about larger retirement savings planning.
Access Pershing’s New Roth IRA Conversion Calculator and Guide
To help address the complexities of a Roth conversion and to run any number of customized scenarios for clients, Pershing has introduced a new Roth IRA Conversion Calculator in the Retirement Center under Tools on NetX360™.
This tool allows you to input key information about a client’s retirement situation and compare the potential results of converting to a Roth versus leaving the assets in a Traditional IRA. The tool generates comparison charts and graphs that will allow you to quickly assess the implication of a Roth conversion for each client. Reports are personalized for you and can be used with your clients.
For a copy of The Roth IRA Conversion Opportunity Guidebook, visit the Material Catalog under Resources in NetX360™, and enter keyword Roth Conversion or e-mail marketing@pershing.com. Also visit Retirement Solutions under Financial Solutions in NetX360 to access a Roth IRA Conversion Opportunity webcast.
New Suite of Retirement Calculators Address Broad Retirement Needs
In addition to the Roth IRA Calculator, Pershing has also introduced an updated suite of retirement calculators to help you with a broad range of client retirement needs. Each user-friendly tool requires a few pieces of client information, and the personalized reports can be used in client meetings. Calculators include:
- Stretch IRA
Allows you to construct a strategy showing the benefits of using an IRA as an estate planning tool for clients who do not intent on using their IRA assets in retirement. - Net Unrealized Appreciation (NUA)
Functions as a scenario-building tool to illustrate the options for distributing highly appreciated company stock held in a 401(k). It shows the implications of transferring the stock to a regular taxable account instead of rolling the stock over to a tax-deferred IRA. - Beneficiary IRA
This calculator determines the amount a client is required to withdraw each year from an inherited IRA. - Required Minimum Distributions (RMD)
Several allowable options can be used to determine how much a client must take from each Traditional IRA or qualified retirement plan to meet the IRS age 70½ rules. This calculator runs the various options and shows the distribution amount of each method. - 72(t) Distribution Calculator
Section 72(t) of the Internal Revenue Service (IRS) Code allows for penalty-free early withdrawals from Traditional IRAs for clients under age 59½. This calculator estimates the allowable 72(t) distributions under the approved calculation methods.
For More Information
Retirement calculators can be accessed in the Retirement Center under the Tools tab. Pershing will be introducing additional retirement marketing materials throughout the first quarter of 2010. Visit Resources in NetX360™ for more information.
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