We have roughly a 75/25 AA in our taxable portfolio. It throws off enough dividend and interest income to put us into the 25% bracket. We don't currently have any Roth IRA's as our incomes were too high when working. I'd appreciate insights on the following:
1. I read a lot on this forum about keeping AGI in the 15% bracket. How do you do this if you have a sizable taxable portfolio generating dividends and interest income? Any suggestions on minimizing the tax bite? Our healthcare plan is not HSA qualified so HSA's aren't an option for us.
2. What is the best way to figure out if/when Roth conversions could make sense for us? We have a lot of income this year but 2018 might be more viable. Is there a tool you recommend to help with this analysis?
Thank you!
1. I read a lot on this forum about keeping AGI in the 15% bracket. How do you do this if you have a sizable taxable portfolio generating dividends and interest income? Any suggestions on minimizing the tax bite? Our healthcare plan is not HSA qualified so HSA's aren't an option for us.
2. What is the best way to figure out if/when Roth conversions could make sense for us? We have a lot of income this year but 2018 might be more viable. Is there a tool you recommend to help with this analysis?
Thank you!