Required Minimum Distributions
I am 69 years old. I have $200,000 in a traditional Ira. How do I avoid having to pay more for Medicare (IRMA) when I have to start taking my RMD’s. Can I the start putting money in an existing Roth IRA and pay the taxes for the next several years?
Terry Says
Yes, you could do that. But you have to do some research to figure out how much you can convert each year now, without pushing you into a higher bracket.
You might enjoy this article — and maybe find it useful to use their software.
https://www.terrysavage.com/roth-conversions-2/
