So, I know that converting my traditional IRA to a ROTH will count as income because it’s not money I put into it this year. I’ve checked that it won’t affect my tax bracket or my deductions. How do I handle withholding to keep from paying a huge tax bill on money not going in my pocket? Does the company who I work with for my IRA withhold an estimated tax? Or just the estimated “early retirement” penalty? Should I ask them to withhold anything or would that make my taxes worse??
