I am retiring this year and my earnings put us in the 22% tax bracket. I wil be required to take a distribution from my IRA/401k next year, my wife has 2 more years before she needs to take a distribution. Our Financial Planner has recommended that we convert some of our IRA money to a ROTH IRA this year. We have about $5k estimated refund coming for 2023 when we file our taxes which would cover the taxes on $25k. Does it make sense to convert enough to offset the $5k refund? Or should we leave it alone? In 2024 we should be in the 12% tax bracket.
