Looking for info on if I should convert some Traditional IRA to Roth. Here's some info on me.
http://www.early-retirement.org/forums/f28/sub-1m-no-pension-retirement-any-out-there-86132.html
I'm in the 15% tax bracket now and likely will be for the rest of my life, barring getting very lucky where my MRD's could push me higher.
I'm wondering though about taxation of SS benefits and possible healthcare subsidies if those will exist, and Medicare payments.
Would you guys recommend me converting some money to a Roth. We currently have about $200K in a Roth of our total of about $850K. I just turned 60, wife is 57. I'll probably work till 62 but no longer.
I'm thinking of converting $20K the next couple years.
http://www.early-retirement.org/forums/f28/sub-1m-no-pension-retirement-any-out-there-86132.html
I'm in the 15% tax bracket now and likely will be for the rest of my life, barring getting very lucky where my MRD's could push me higher.
I'm wondering though about taxation of SS benefits and possible healthcare subsidies if those will exist, and Medicare payments.
Would you guys recommend me converting some money to a Roth. We currently have about $200K in a Roth of our total of about $850K. I just turned 60, wife is 57. I'll probably work till 62 but no longer.
I'm thinking of converting $20K the next couple years.