I've been doing some long range planning to manage the tax impacts of SS and RMDs at 70 and will probably do recurring yearly Roth conversions from my 401k and IRA accounts once in FIRE and initially in a lower tax bracket.
I have done 2 modest Roth conversions already, and per some advice I got, they were each done to unique accounts in case I decided to re-characterize them and 'roll them back'. And, it helps to identify when the accounts meet the 5yr rule for withdrawing from them.
So...my question/comment - for anyone here who has been doing something similar - do you end up with a long list of unique Roth accounts and does it become tedious/time consuming to review & manage accounts as they start to grow in number year by year?
I have done 2 modest Roth conversions already, and per some advice I got, they were each done to unique accounts in case I decided to re-characterize them and 'roll them back'. And, it helps to identify when the accounts meet the 5yr rule for withdrawing from them.
So...my question/comment - for anyone here who has been doing something similar - do you end up with a long list of unique Roth accounts and does it become tedious/time consuming to review & manage accounts as they start to grow in number year by year?