Reported about 15 hours ago
At age 70, a couple with $1.4 million in an IRA can still consider a Roth conversion, as there is no age limit for this action. The decision should depend on their legacy goals—whether to minimize taxes for heirs or pass wealth to charity—rather than just age alone. Tax implications, income brackets, and future healthcare costs should all factor into the decision-making process for converting IRA funds to Roth accounts.
Source: YAHOO