View Single Post
 
Old 02-01-2018, 09:37 AM
petsetc petsetc is offline
Senior Member
Join Date: Mar 2015
Posts: 324
Thanks: 957
Thanked 205 Times in 87 Posts
Default

I think the answer is, it depends mainly on the effective (not marginal) tax rate you are in. About 10 years ago I started to convert to Roth. My method was to use my prior years copy of turbotax, mock-up my current year in December, and decide what % of tax I was willing to pay on the conversion. I then converted that amount. Even if I was off either way, it was in my "acceptable" level.

And yes, the new tax law has eliminated the "recharacterization", thus once converted, it's over.

Final thought, I cannot image it would ever be advantageous to convert all in one tax year since it would probably greatly increase your marginal and effective tax rate.

FWIW,

Andy