Calculate the pro-rata rule tax impact when converting a traditional IRA to Roth — avoid surprises at tax time.
Fidelity has no minimums, no account fees, and commission-free index funds — the easiest place to execute a backdoor Roth conversion.
Open Fidelity Roth IRA →The IRS treats all your traditional IRA funds as one pool. If you have pre-tax money mixed with after-tax contributions, you can't choose which dollars to convert — each conversion is proportionally taxable.