donheff
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I have been reluctant to do Roth conversions because DW and I are at the top of the 22% bracket. Conversions would hit us at 30-32% state and Federal. I can't wrap my head around the math needed to evaluate how much advantage there would be in pulling depressed equities out of IRAs and converting them to rebound eventually in Roths. It seems like I could mentally half the hit if I pulled the equities when they were down 50% (from what it would have cost me to do it at a peak).
Is the math that direct and simple, or am I missing obvious factors?
Edit: This gets confusing since I would also have to pay for the taxes using depressed assets so I would have that much less to rebound.
Is the math that direct and simple, or am I missing obvious factors?
Edit: This gets confusing since I would also have to pay for the taxes using depressed assets so I would have that much less to rebound.
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