- See teen persuasion's advice on possible state tax considerations. There is also the usual advice to convert/withdraw from the older spouse's traditional accounts first, to reduce eventual RMDs, but it appears you are both ~the same age so that doesn't apply.
- Your money market interest estimation plan looks good.
For mutual funds, assuming the same distribution percentages (qualified vs. non-qualified, etc.) is reasonable. For growth of the total distributions, a first approximation would be (total from last year)/(total from the year before) * (total from last year). If your asset allocation hasn't changed significantly from year to year, that should get you in the ballpark. - In this case, diversification isn't nearly as important as timing, with "timing" defined as "converting when marginal rates are lower" than they will be in other years. See Whether, when, and how much to convert and, because you mention Medicare, Roth Conversion with Social Security and Medicare IRMAA.
- The above is probably enough for now. Post back with remaining (or new) questions, and good luck!
Statistics: Posted by FiveK — Wed Nov 13, 2024 2:40 am