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Originally Posted by jasamy2
The best answer I’ve seen on this site to date. You are, obviously,very bright and well informed. Now, can you explain why one should or should not convert a regular IRA to a Roth IRA? That would be very helpful to a lot of us who are in the RMD of our lives. 😁
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A good question. A lot of info is needed to answer this question.
What's your tax rate in the year of conversion? If you're making a significant of money your rate will be high. That leaves less money to invest since now have "x" less taxes. Less money to grow.
What will be your tax rate at retirement?
How much of we talking about in total retirement funds that will be taxed?
It does not make sense for some taxpayers to do the conversion.
There's no one answer to this question but it has to be looked at on an individual basis.