The latest iPhone app - Roth IRA conversion calculator | AccountingWEB

The latest iPhone app - Roth IRA conversion calculator

One of the most important decisions impacting future retirement is whether to convert a traditional IRA to a Roth IRA. Due to recent tax law changes, all taxpayers, regardless of income level, are eligible to convert their traditional IRAs to Roth IRAs as of January 1, 2010. To assist taxpayers with this important decision, NDH Group created the RothCalc2010 application for iPhone users. "We created an inexpensive tool to help our clients quickly and easily assess whether they should discuss Roth conversions with their tax and investment professionals," notes Jeremy Dubow, an NDH Partner.

Created by CPAs and used in NDH's tax practice, NDH's RothCalc2010 application computes the after-tax present value of one's retirement income stream and allows one to determine if converting makes good financial sense. It can modify variables such as future tax rates and investment growth rates and can also run scenarios to recognize Roth conversion income in 2010 versus deferring it to 2011 and 2012. This user-friendly calculator can help make the most important financial decision of the year. "Our clients rave about the app and applaud us for combining cutting-edge technology with expert tax advice," remarks Josh Harris, an NDH Tax Partner.

Find the NDH RothCalc2010 app today for only $0.99 via the App Store on the iPhone or at the iTunes Store on your PC or Mac. "The iPhone is a great platform for targeted personal financial utilities such as the RothCalc2010 app. Users have the ability to become aware of financial tools that may generate positive results by simply retrieving the app and entering in a few simple parameters," comments Joe Mizzi, RothCalc2010 Developer and NDH Associate.

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