Talk of The Villages Florida - View Single Post - Interesting Financial planning exercise for Roth Conversions
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Old 03-05-2025, 11:59 AM
ltcdfancher ltcdfancher is offline
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Quote:
Originally Posted by CoachKandSportsguy View Post
Current tax scenario vs potential future scenario, back of the napkin/envelope concepts
So, if you are planning on 2025 IRA Roth conversions, still maintain your current conversion.
I made what I think was my last conversion in 2024; in hindsight, I probably should NOT have converted last year. Hey ho.

Our situation is slightly different. I draw a pension, which is less and less common. I haven’t quite reached my full retirement age; I’m not drawing SS yet. My wife is collecting. We fell off the first IRMAA cliff and are paying the penalty this year (and likely next year too).

I’ll take distributions from my IRA to pay our Villages mortgage which will total less than my eventual RMD.