Reported about 13 hours ago
At 60, it’s not too late to consider a Roth conversion even with $930,000 in an IRA and having started Social Security. While there’s no age limit for conversions, assessing your financial situation is crucial. Consider future income, tax brackets, and potential tax bills from converting the entire IRA at once. Gradually converting part of your IRA over time might help manage taxes better. Consulting a financial advisor is recommended to navigate the complexities of Roth conversions and make informed decisions.
Source: YAHOO