TromboneAl
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 30, 2006
- Messages
- 12,880
Being in the enviable position of having almost no income, if I contribute the max to my HSA (namely $4,050), then I can convert $25,000 to a Roth IRA, and our total tax will be only $154 ($133 state).
Doing the HSA contribution make sense, because it lets me convert that much more without paying tax.
I guess the question is, should I convert more to a Roth? I could convert up to $36,311 and still be in the 10% tax bracket (pay $1,288 fed, $387 state).
I should be able to have a negligible income for another four years (that is, I can use this same strategy four more times).
Thoughts?
Doing the HSA contribution make sense, because it lets me convert that much more without paying tax.
I guess the question is, should I convert more to a Roth? I could convert up to $36,311 and still be in the 10% tax bracket (pay $1,288 fed, $387 state).
I should be able to have a negligible income for another four years (that is, I can use this same strategy four more times).
Thoughts?