Reported 3 days ago
At 60 years old, earning $150,000 annually, considering a staggered Roth conversion of $50,000 to avoid future taxable minimum withdrawals (RMDs) raises essential questions about personal goals, social security income, retirement portfolio structure, and asset levels. Understanding these factors can help determine if the upfront tax costs associated with the conversion are justified by the potential long-term benefits of tax-free income and estate preservation.
Source: YAHOO