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Products November 5, 2009
Fidelity Adds Roth Conversion Resources
Fidelity Investments has added resources to its ongoing effort to help investors better understand whether converting their retirement nest egg into a Roth IRA is the best move for them.
Reported by Fred Schneyer
Fidelity said it has added a Roth Conversion Evaluator and additional content on the Fidelity.com Web site.
The Roth Conversion Evaluator can be used online by all investors, whether or not they are a Fidelity customer. With it, Fidelity said users can:
- estimate current and future tax situations—based on a series of basic questions, users can receive an assessment to determine if they may benefit from a Roth IRA conversion;
- evaluate how much to convert—Fidelity believes that users should minimize their tax cost when considering an amount to convert to a Roth IRA;
- explore sensitivity to key factors—the tool helps to illustrate how changes in key factors, such as tax rates or withdrawal rates, might affect the outcome of an investor’s Roth IRA conversion decision. =
“Fidelity believes that the opportunity to convert to a Roth IRA is an important consideration for all investors, particularly those who will become eligible for a conversion in 2010,” said Chris McDermott, senior vice president, investor education, retirement and financial planning, Fidelity Investments.
The evaluator product is available at www.fidelity.com/rothevaluator and additional education resources are available at www.fidelity.com/taxdiversification.
More information about Fidelity’s offerings in the Roth IRA area is available at www.fidelity.com/rothconversion.