SilentBirdHunter
Well-known member
- Joined
- Feb 5, 2024
- Messages
- 348
I am five years off from age 73 and RMD which would be high due to a large 401k.
My mom died this past year at age 102 and the plan is to use the inheritance for a Roth Conversion.
That would reduce my tax liability in later years when RMD kicks in and some tax free inheritance when we die.
What factors should I consider with Roth conversion beside potential increase in Medicare IRMAA bracket,
the five year rule, and increase from 12% to 22% tax bracket this year?
Thanks.
My mom died this past year at age 102 and the plan is to use the inheritance for a Roth Conversion.
That would reduce my tax liability in later years when RMD kicks in and some tax free inheritance when we die.
What factors should I consider with Roth conversion beside potential increase in Medicare IRMAA bracket,
the five year rule, and increase from 12% to 22% tax bracket this year?
Thanks.