So many possibilities - my clients frequently ask me the same question. No one answer. What's your age? Your spouse's age? Your health condition? What's your investment philosophy? What are your needs for money? Who are the beneficiaries of your plan? What tax bracket are you in? What bracket will you be in when you take the distributions? What do you think the growth rate of your investments will be? Do you realize that you may need to fund the taxes when you convert? And more - talk to a professional about this before you do anything.
Here's one idea - taking your RMD and invest in tax free municipals. No tax on the income and no five year waiting period.
Don't forget about Qualified Charities Donations to take money out of your retirement plan instead of making donations directly from your personal funds.
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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. John Adams
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