nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
Here's an article about mania to convert TIRAs to ROTHs
what-the-experts-are-doing-with-their-own-roth-iras: Personal Finance News from Yahoo! Finance
However, there's something missing, namely the income differential between pre and post retirement. Right now my income is around $100k, after retirement it will be $30k. I will probably convert some of my IRAs to ROTHs up to the 15% income tax bracket, but no more. I plan to be "poor" in retirement so my tax bill will be small and if I chip away at my IRAs with conversions each year I can reduce those far off mandetory withdrawals
what-the-experts-are-doing-with-their-own-roth-iras: Personal Finance News from Yahoo! Finance
However, there's something missing, namely the income differential between pre and post retirement. Right now my income is around $100k, after retirement it will be $30k. I will probably convert some of my IRAs to ROTHs up to the 15% income tax bracket, but no more. I plan to be "poor" in retirement so my tax bill will be small and if I chip away at my IRAs with conversions each year I can reduce those far off mandetory withdrawals