Reported 3 days ago
A 60-year-old considering a Roth conversion is advised to explore this option, as it may save on taxes and allow for greater control over retirement income. With a $65,000 pension and a $100,000 IRA, the low current tax bracket makes it a strategic move, especially with upcoming tax changes. It's suggested to gradually convert to a Roth IRA to optimize tax benefits and manage future required minimum distributions.
Source: YAHOO