Ira/roth conversion
I am 69 and have $1.2 million in my IRA accounts. Should I consider converting some funds annually into a Roth account before I am 73 and need to take annual RMDs?
Terry Says
This is a complicated question. And I have just the right way to figure it out. Please read this column and follow the advice! https://www.terrysavage.com/roth-conversions-2/
It will take into account the opportunity cost of paying the taxes now, the potential impact on your Medicare Part B and D premiums, and some very sophisticated concerns. This is the ONLY way I can be sure you are getting complete and correct advice!
