Take a look at Maxifi. The premier version will calculate Roth conversions or show little benefit if that's the case. Since Maxifi is geared at maximizing lifetime income it will suggest a withdrawal strategy from regular and retirement accounts and is tax-aware. There are many webinars you can watch before paying for it to understand what it will do.Also, one of the reasons I was leaning towards Vanguard is that I need help with constructing a financial plan that includes help with Roth conversions, cash flow planning, and tax savings strategies.
That all said, so much in financial planning depends heavily on the assumptions made of future returns (or their distribution if using a monte carlo technique), tax rates, your lifespan, and so on that I wouldn't put a lot of trust in any calculation past one or two digits. So for example if a tool says a Roth conversion is a slam-dunk then that's likely to hold given modest changes in tax law.
Statistics: Posted by miket29 — Wed Feb 19, 2025 10:29 pm