Do you have a tool I could use to extimate the extra tax I'd have to pay to convert a Traditional IRA to a ROTH IRA? I'm currently in the 22% bracket but close to reaching the 24% bracket. We are going to leave the Traditional IRA to our son but he's in an even higher tax bracket. So my thinking is for me to pay the tax now at my lower rate by converting it to a ROTH. Is my thinking correct from a financial point of view?
