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Old 02-12-2008, 08:28 AM   #21
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Join Date: Feb 2006
Posts: 4,331
Originally Posted by TromboneAl View Post
Here's something that I never saw mentioned, and none of those calculators address: If you will have a period during which you can live off taxed assets, you can convert your IRAs to Roths and pay very little tax. I converted $10K in 2007 and didn't pay a penny of tax (due to education tax credits).
That's what I plan to do, live off after tax savings and each year do a tIRA to ROTH conversion up to the 10% income limit. This year by doing 401k, 457 and 403b contributions I managed to get my AGI low enough to do a ROTH contribution too.

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