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Level 1
posted Oct 30, 2024 3:21:32 PM

403b to ROTH conversion after 65 & retired; how to structure for minimum taxes & medicare premiums?

I turned 65 this year, plan to retire sometime between 2025 & 2027, and longevity runs in the family. No plans to withdraw before required or collect SS/pension before 70. (I will live off money generated by an inheritance and some rental income, and have adequate funds outside retirement to pay taxes.) Is there best advice for planning conversions to minimize taxes & medicare premiums? Any deadlines I should worry about?

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1 Replies
Level 15
Oct 30, 2024 5:00:07 PM

Sounds like you want estate/financial planning which is best done by taking to a financial planner who is aware of your entire financial situation and plans.