However, my professional tax reference service now lists 77 pages of analysis for the Roth IRA. You may also purchase my "IRA Analyzer" to answer questions such as which type of IRA offers the best tax advantage.The IRS has announced more changes in several Notices and Announcements as well as issuing proposed regulations responding to questions, among others, regarding whether an amount may be recharacterized and later reconverted from a traditional IRA back to a Roth IRA. It computes the anticipated tax on the rollover (if any).There are three factors that will influence your decision as to which kind of IRA to choose: Eligibility, Flexibility, and Value. Many financial planners and institutions with products to sell are pushing Roth IRAs as a wonderful new investment product that everyone should have.You probably have seen their "IRA Calculators", perhaps on the web.To rollover (convert) your investments from a regular IRA to a Roth IRA, you must have (Modified) Adjusted Gross Income (MAGI) of less than 0,000 for the year of the rollover (determined before any amount is included in income as a result of the rollover), and if married, file a joint return.Single filers and Head of Households are also subject to this same AGI limit.
No matter what question you ask, the answer always seems to be "Roth IRA." To put some perspective on the choice and to give you a more objective opinion, I have listed some points that may have been overlooked in your analysis.This financial planning tool was originally supposed to be a simple device for individuals to use to save for retirement.