I'm single and converted some of my IRA to Roth up to the 22% bracket. As I look forward, I just see my tax bracket staying at 22% or beyond (and any changes), so converting now makes sense. It is hard to figure out how to nail it if you have many different streams of income from different sources (some pension, some income, some investments, etc). My issue is my consulting income being not easily predictable. To whit, I had an outstanding invoice and asked the payor if they would pay in Dec or Jan. They ended up paying in December, which meant less conversion opportunity.
However, as one poster said, good problem to have.
Other side is my father, who has not taken RMDs at all as he is still working at 78...I had the talk with him about how to manage the RMDs when he does retire (if he does). He is not....uhhh....savvy in these areas and takes offense easily. It took a few discussions and a link to the IRS RMD calculation site for him to realize the possible tax bomb he has on his hands....although, interestingly, at his age, it says he has 24 years of life left (?!?) for conversions....his wife also nudged him to look at this and I hope they talk to their CPA about this issue. For such a smart guy (engineering, math, pilot, computers) he's very un-smart in this realm we talk about here...he just keeps earning lots. He's a professor and loves his job, so I am concerned if/when he does retire, what he will do....