Roth Conversion Scenarios and Account to Convert to
When I run Roth conversion scenarios, which account do the converted funds go into?
If you have a Roth account already, it will move the funds into that account. If you have more than one Roth account, it will use the first one in the list. If you have no Roth accounts, the program creates one behind the scenes with a $0 balance. Also note that the Annual Return used for the Roth account in this scenario will be set to the Annual Return of the account being converted. This allows the program to compare apples to apples in terms of the total dollars saved over time.