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Dec 18, 2024
11:40:40am
TeeKaa All-American
Yes, true. You have to make SOME estimates based on currently predicted rates.

It doesn't make sense to convert now, pay a higher tax on all that income now, just to most likely be in a lower tax bracket in retirement.  With only the knowledge of you being in a higher tax bracket now, I would let the IRA ride until retirement.  Then move it over to a ROTH systematically, not all at once, unless it's a small amount.  

Convert as much as possible to bring your taxable income upto, but not into the next higher tax bracket.

TeeKaa
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TeeKaa
Joined
Jun 11, 2003
Last login
Dec 18, 2024
Total posts
10,770 (178 FO)