Why would anybody convert huge sums of money into a Roth to decrease your nest egg so you can earn less money per year until you die and pay high taxes the year of conversion?
The years you should have converted are 2020 and 2022 when the markets were down 30%, you would have paid less capital gains taxes because you were already down. Don’t convert today since the market is high and you will pay more.
Being a senior doesn’t mean you have to play it safe with your money if you need this money to live on. Making 5% during the last couple of years means you were losing money to inflation. I will never buy bonds to do the old fashioned 60/40 split, it’s all 100% equities for me. There are probably 100’s if not a lot more index funds that have very low low risk like a bond that will make you many times more than that 5% over time. I have half a dozen that I have been using for decades.
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