Yes, good idea. Don't know that I'll be able to get under $1M but at least avoid IRMAA and reduce 33% bracket exposure. Funny thing is I never thought we would even make it to one million because of past mistakes but the post-2008 bull market has blessed us.With that large a tax-deferred account, I think some Roth conversions are likely a good idea. But why $200k and why just 2 years worth?
I suggest doing more analysis - look at converting to just under IRMAA for many years...until the tax deferred account is less than $1 million. See what you think about that.
Thanks for all the help. A lot of great minds on this website.
Joe Momma
Statistics: Posted by tothetune854 — Mon Jun 10, 2024 11:52 pm