- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Planning for 401k to Roth IRA conversion
I'm 66 years old, retired in 2022 and won't have income coming from W-2. I'm not claiming my SS benefits (yet) and plan to start taking them at 70.
There will be a minimal income coming from investing (around 2,000).
I'm planning to make 401k -> Roth IRA conversion(s) before RMD starts.
With this plan, I will have 5 years when I will be in the lowest tax bracket.
Will I be able to simulate this conversion using TurboTax ("What If analysis")?
If so, how and when?
Thank you
‎July 20, 2023
3:36 PM