Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
This comes up time and again here understandably. Here’s another video that does a decent job of explaining all the salient points for consideration for anyone in the fence about Roth conversions. It all comes down to present vs future taxes (yes, you have to make some assumptions) and IRMAA is a potential consequence to be aware of.
The situation case is a prime example in terms of age, spending, portfolio that some (not all) here may be able to relate to.
None of the quick and dirty online calculators I’ve seen do this topic justice. I know because they all told me conversions were probably a wash - highly unlikely once I actually did the year by year projections. Luckily I figured it out before it was too late, though it would have been better to start earlier.
Nothing new for those who’ve already done the math, but there are always new candidates coming up.
https://youtu.be/BkxYuQ0Vb88
The situation case is a prime example in terms of age, spending, portfolio that some (not all) here may be able to relate to.
None of the quick and dirty online calculators I’ve seen do this topic justice. I know because they all told me conversions were probably a wash - highly unlikely once I actually did the year by year projections. Luckily I figured it out before it was too late, though it would have been better to start earlier.
Nothing new for those who’ve already done the math, but there are always new candidates coming up.
https://youtu.be/BkxYuQ0Vb88
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