I always get nervous when I execute changes that I feel a bit unsure about--but I just submitted the order a minute ago. After looking at my MAGI for the year, it looks like it will be under $100k and my taxable income will be $55,000. Since I had a bit of room in the 15% bracket (up to $67,900), I figured I'd convert ~$13,00 from my Trad IRA to my Roth to take advantage of only paying 15% on the conversion.
I hope this doesn't turn bad on me somehow!
I'm hoping to have some room in the 15% bracket next year, too. I figure anything I can convert at 15% will be worth it.
I hope this doesn't turn bad on me somehow!
I'm hoping to have some room in the 15% bracket next year, too. I figure anything I can convert at 15% will be worth it.