Quote:
Originally Posted by 74-911
I did the IRA to Roth conversions from when the IRS allowed the backdoor conversions in 2010/2011? until I had to do RMDs...
Just trying to figure out if it is worth it to do one last conversion ?? no easy answer.
again, thanks for the response.
|
The only real consideration is the tax consequences, As I said anyone can rollover $ from an IRA to a Roth at any time, you pay taxes on the amount rolled over as regular income, just like w/ the RMD, the benefit is that there is no tax on future growth of that amount.
every dime taxed this year would likely to be taxed at a higher rate in any future year