pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
$41k is taxable income.... $65k of income/AGI less $24k standard deduction.
So if you were at 400% FPL to get ACA subsidies and had NO other income you could only do $65k of Roth conversions or 0% LTCG a year... and some income from investments or a pension would reduce that $65k dollar-for-dollar... my point is that it is hard to transition a lot of money from tIRA to Roth with constraints like that.
And a lot of people want to be below 400% FPL to optimize subsidies, which makes it harder still.
So if you were at 400% FPL to get ACA subsidies and had NO other income you could only do $65k of Roth conversions or 0% LTCG a year... and some income from investments or a pension would reduce that $65k dollar-for-dollar... my point is that it is hard to transition a lot of money from tIRA to Roth with constraints like that.
And a lot of people want to be below 400% FPL to optimize subsidies, which makes it harder still.