Beginning at 59.5 if I convert max portions of my tIRA to a Roth and pay due taxes is that amount I converted considered income?
"The MAGI for ACA premium subsidies, on the other hand, will include Roth conversions."
This was my concern
Since you can no longer recharacterize a ROTH conversion you need to be very careful on how much you convert so that it doesn't take your MAGI over the ACA cliff. Need to leave a good buffer on how much you convert and/or wait until the end of the year to do the conversion when you'll have a better idea what your total income (MAGI) will be, including Dividends, Capital Gains, Roth Conversions, etc..
? Can't convert? Of course you can.Good advise, thank you. Seeing as how I will have no earned income after 59.5 I don't believe I can do it anyway.