Quote:
Originally Posted by retiredguy123
Every time I have done the math for a Roth conversion, I reject it because it just doesn't make sense. Roth conversions are rarely a good idea. One thing I will mention is that, if you ever need assisted living or a nursing home, you can use your traditional IRA funds and take a huge medical tax deduction, thereby avoiding income tax on a large part of your traditional IRA.
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Conversion makes sense when you are pre-RMD, pre-SS and also have very little income from investments. Then you would ideally convert just enough to stay below the IRMAA threshold.
YMMV