teetee
Full time employment: Posting here.
- Joined
- Jul 11, 2019
- Messages
- 679
I currently have around 200k in my rollover IRA with Fidelity after rolling it over from a 401k after I left the company. I know conversion to Roth is going to count as ordinary income and will be taxed at the max. applicable Fed. tax rate.
My current MAGI is around 100k and the job is fairly stable. Single, 20 years before I reach 59.5 years old. What would be the strategy and timing to convert to Roth and do I do it in several chunks per year? My goal is to convert it as soon as possible and minimize the tax liability.
My current MAGI is around 100k and the job is fairly stable. Single, 20 years before I reach 59.5 years old. What would be the strategy and timing to convert to Roth and do I do it in several chunks per year? My goal is to convert it as soon as possible and minimize the tax liability.