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Old 01-30-2018, 08:15 PM
retiredguy123 retiredguy123 is offline
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I think there are just too many unknowns and variables on this to make a definitive decision. Some of these are your life span, the rate of return on future investments, and future tax rates. But, one thing to consider is that doing a Roth conversion will allow you to leave tax free money to your heirs. However, another thing is that, if you ever need assisted living, nursing care, or other long term care, the tax deferred money can be used on a tax free basis because it is tax deductible. For example, if you are spending $90K per year in a nursing home, the entire amount is tax deductible and that is the time to spend tax deferred money, if you have it. Personally, I do not plan to do any Roth conversions and to delay taxes for as long as possible. It may feel good and make life simple, but I don't think you will come out ahead if you convert all of your tax deferred money to a Roth.