target2019
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
The repetition is expected. There are many ways to interpret previous posts and articles about Roth Conversion.And there it was, right in the common misconceptions section, "The second misconception is that 'it is better to pay tax on the seed than the harvest.' In other words, that it is better to pay a lesser tax amount now to make a Roth contribution, instead of a larger amount of tax later on a traditional withdrawal. This is not true because taking a percentage of the "seed" is the same as letting the full seed grow and then taking the same percentage of the "harvest." The result will be the same in either case."
I do understand the "commutative law of multiplication," it's just with a that compounding and other stuff it just starts to seem kind of abstract.
Nonetheless, I get it now. I suppose it'd make sense to max out the 12% bracket and maybe go as high as the $103, but never go high enough for IIRMA to kick in.
Thanks for straightening this out for me. I had typed this last night but somehow not posted. I could have saved people a lot of repetition.
Thanks
The consensus is probably, "Stay in the 12%." Another guideline is, "Have flexibility in your accounts." Maybe pay a little more tax now and make sure you max Roth each year.
Time is on your side.