Fidelity Mutual Financial
Final Engine with locked bracket-fill math, desired income targeting, editable conversion years, survivor tax compression modeling, pension continuation logic, Social Security spousal step-up modeling, logo-enabled PDF output, IRMAA visibility, year-by-year reporting, and a downloadable client PDF. Version 7/25/2026 IRMAA + Municipal Bond Fix: retained annuity income now remains in the After Conversion calculations and report, Social Security taxation continues correctly, and existing contract counts are dynamic.
Stand-Alone Roth Conversion Calculator
Quick calculator for a simple IRA-to-Roth conversion without FIA, premium finance, income rider, or hybrid planning inputs.
Tax Impact
| Tax Before Conversion | $0 |
| Tax After Conversion | $0 |
| Estimated Conversion Tax | $0 |
| Effective Tax Rate on Conversion | 0.0% |
Projected Account Impact
| IRA Remaining After Conversion | $0 |
| Projected Roth Value | $0 |
| Projected IRA Value | $0 |
| Projected RMD Reduction | $0 |
Legacy View
| Projected Tax-Free Roth Legacy | $0 |
| Estimated IRA Tax Exposure Avoided | $0 |
| Simple Net Legacy Benefit | $0 |
| Advisor Note | — |
Business Sale / 3-Bucket Wealth Strategy
For clients selling a business or receiving a large taxable liquidity event. Models a simple 3-bucket allocation: guaranteed household income, long-term growth, and a self-directed stock market bucket.
Bucket #1: Guaranteed Income
| Recommended Funding | $0 |
| Modeled Annual Income | $0 |
| Survivor Income | $0 |
| Tax Treatment | Taxable |
Bucket #2: Long-Term Growth
| Recommended Funding | $0 |
| Projected Value | $0 |
| Annual Tax Drag Estimate | $0 |
| Purpose | Growth / legacy |
Bucket #3: Stock Market Play Account
| Recommended Funding | $0 |
| Projected Value | $0 |
| Annual Tax Drag Estimate | $0 |
| Advisor Guardrail | Speculative / discretionary |
Planning note: This module is an allocation and income illustration only. For business-sale taxation, coordinate with the client's CPA, estate attorney, and transaction counsel before finalizing any strategy.
Client Bio
Master Strategy Mode Safety Lock
Choose the type of case first. The planner will auto-clear conflicting fields so old premium, bonus, or FIA values cannot bleed into the wrong client case.
Roth Conversion Only ignores Premium Finance inputs and converts only entered IRA assets.
Mode check: Roth Conversion Only is active. The conversion base comes from Client IRA balances; bonus and fee assumptions remain editable. FIA funding inputs are ignored.
Client 1
Use the age Part B or Part D begins. Enter 0 if neither is expected during the projection.
If already receiving Social Security, enter the current annual amount. If benefits begin later, enter the expected annual amount at the future start age.
1 = January and 12 = December. Used when benefits start during the projection.
Client 2
Use the age Part B or Part D begins. Part A alone does not activate IRMAA.
If already receiving Social Security, enter the current annual amount. If benefits begin later, enter the expected annual amount at the future start age.
1 = January and 12 = December. Used when benefits start during the projection.
Widow / Survivor Social Security Case Builder
Models a widow benefit first, then switches to the client’s own Social Security at the selected age. Also supports IRA percentage withdrawals before and after Social Security starts.
Use the button to populate the case: age 64, retirement at 67, pension $21,600, widow SS $18,000, own SS at 70 $45,000, IRA $1,000,000, income goal $130,000 with 3% COLA, and an optional FIA income layer.
Existing Annuity Rider Comparison / Mind Map
Shows the client’s current taxable annuity income riders on the Before side versus your Roth-converted / tax-free income plan on the Strategy side.
When enabled, the Before side treats these rider payments as taxable IRA income streams. Use the Owner and Payout Type fields to show whether each rider is single-life and stops when that owner dies, or joint and continues to the survivor. The Strategy side assumes those accounts are replaced through the Roth conversion / tax-free income strategy, so the report can show why the proposed plan may reduce taxable income and improve legacy value.
Rental / Other Recurring Income
Models rental cash flow separately from employment and pensions, including a last age received when the property may be sold.
Enter net taxable income after expenses and depreciation, not automatically the gross cash received.
Use 0 when the income is already being received.
This section stops the rental income after the entered last age. Property-sale proceeds, capital gain, depreciation recapture, and reinvestment of net proceeds are not included unless entered separately.
Nonqualified Investment Income
Use for interest and dividends paid by taxable brokerage, bank, CD, or other nonqualified accounts. Do not enter this income as employment income.
Use 0 when already being received.
Interest and ordinary dividends use ordinary federal rates. Qualified dividends use the modeled preferential capital-gain rates, while all three remain included in MAGI, Social Security taxation, and IRMAA calculations. Net investment income tax and state tax are not modeled.
Premium / FIA Funding Inputs
Removed from Client 1's liquid IRA under the strategy; not treated as a Roth conversion and not included in future RMDs.
Removed from Client 2's liquid IRA under the strategy; not treated as a Roth conversion and not included in future RMDs.
No logo uploaded
An RMD cannot be converted to Roth. Under RMD First, the RMD cash pays conversion taxes first; only any remaining conversion-tax shortfall reduces the amount credited to Roth.
Bonus is a one-time amount added to the premium up front and compounds inside the strategy. Conversion period is fully editable so you can plan around temporary income years.
Saved Client Cases
Save cases in this browser, or export a client file for backup.
Beginning Value
$0
Year 1 Conversion
$0
Conversion
Period
Period
0 YEARS
Tax-Free Estate
$0
Tax-Free Income
—
Premium Finance Roth Conversion
Strategy Summary
| Premium | $0 |
| Premium Finance Roth Conversion Bonus | $0 |
| Beginning Value | $0 |
| Year 1 Planned Conversion | $0 |
| Year 1 IRA Withdrawal | $0 |
| Estimated Year 1 Taxes | $0 |
| Tax Funding Method | Outside Assets |
| Pension Continuation at First Death | 0% |
| Annual Fee Display | 0.95% annual |
Transparent Assumptions
Milestone Summary
Year 1, Year 5, Social Security years, RMD year, completion year, and every 5 years through age 95.
| Milestone | Age | Income | Conversion | IRA | Existing Roth Component | Converted Roth Component | Total Tax-Free Assets |
|---|
Note: Total Tax-Free Assets equals Existing Roth Component plus Converted Roth Component. Do not add the Total column again.
Before vs Fidelity Strategy Analysis
Current Situation
Fidelity Strategy
Comparison excludes bonus and fee totals by design. Those belong to the dedicated Premium Finance Roth Conversion section.
How the Tax-Free Estate Is Calculated
Year-by-Year Tax Flow Preview
This preview shows the first 15 years from the strategy scenario. The redesigned engine respects advisor-entered IRA withdrawals first, applies taxable and tax-free pension separately, then uses matured Roth money only after the 5-year ladder is available. Desired income now fills only the remaining gap instead of overriding the entered IRA draw.
| Year | Age | Income Goal | RMD Required Withdrawal Required Withdrawal | NQ Withdrawal | Conversion | Conversion Taxes | TAX-FREE ROTH INCOME | Taxes | IRMAA | IRA | TAX-FREE ESTATE |
|---|