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Old 04-26-2015, 02:07 PM   #21
Confused about dryer sheets
Join Date: Apr 2015
Location: Rockport
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As appealing as leaving the "rat race" immediately is at the moment, transitioning into retirement over time by, in my case, making changes in the type of work I accept may be the best course. I need to have a sit down with my spouse about this plan--we already did that for her late last year and she has successfully and happily made the transition. Seeing how this move has benefited her has inspired me to start thinking about it as well.

I'm not a tax pro but on the Roth conversion issue it appears that my tax bracket would still be high with passive income even in retirement so do you think that I can still take advantage of converting?

Finally, every response on this thread has been extremely useful and thought provoking...thanks to all.

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Old 04-26-2015, 10:35 PM   #22
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Roth conversion would only be worthwhile if the tax rates on the conversion are lower than the tax rates that you would expect to pay if you don't convert and take withdrawals later.

It works good for me. My marginal rate on conversion is about 7% and would likely be 25% if I didn't do Roth conversions, but I suspect the advantage might not be much for you but it is still worth giving some thought to.

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Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
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