Cemanuel 2022 Portfolio Thread

[cemanuel]

(06-03-2022, 05:41 AM)rayray Wrote:

(06-02-2022, 08:44 PM)cemanuel Wrote:

(06-02-2022, 04:25 PM)rayray Wrote: i know i'll be in this boat one day and will have to transfer funs from traditional ira to roth--read a little but never delved into it

is there a maximum/limit to convert??

Conversions are pretty wide open. As much as you want and as often as you want. But there are the taxes. There are other issues to consider such as income levels impacting what you pay for Medicare. That starts 2 years before eligibility so in 2025 that'll be another thing I'll have to think about.

part of the reason why i haven't done much reading/research, if any, is because still working at 51 i'm in a higher tax bracket, no reason to convert anything from ira to roth, imho. 

but another reason is i keep thinking why bother, the rules might change by the time i do retire

however, whether i work 5 years or 11 years that time will go quick--i really need to understand the process of this conversion process

BTW, not sure if you're on SA but I think you can read some things without an account. I asked about conversions there and this resulted in quite a thread involving people who know much more about this than me. 

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