I want to convert some of my Traditional IRA to ROTH IRA because I suddenly lost my spouse a year ago and have very little income this year. But, the people in the office at Arkansas DHS couldn't tell me if it would affect me staying on Medicaid. I explained that it would not be a withdrawal, just a conversion, and that I would owe taxes on it. I had only about $10,348 gross in pension income, and will have about $5,088 estimated interest income. So, I'm trying to figure out how much I can convert to stay in the 12% tax bracket, and whether I will get kicked off Medicaid if I do it.
Plus, I have to convert shares, not dollar amounts, so I'm not quite sure how to do that, but have a call into the company holding the IRA.
