There are many things to consider with this situation, such as:
your other sources of income (social security, required minimum distributions, pensions, etc)
y...
While we are not able to provide estimated tax results here, I can provide you with a link to our Tax Calculator. It is still pointed to the 2024 tax year; it s...
It is correct that the Tax Cuts and Jobs Act in 2017 eliminated conversion reversals, which is what I addressed in the first answer I provided. Your second ques...
What you asked originally is if you can convert from a traditional IRA to a Roth IRA by the December 31st deadline and then do anything to reverse that, and the...
At age 62, you are both in an excellent spot to consider conversions from your traditional IRAs to your Roth IRAs. Doing this will reduce your future Required M...
