I would do the conversion this year, since one conversion is relatively so small that the tax cost isn't onerous. Then you have a year to choose about doing the next one.
These days, deep in my RMD years, I am so pleased with the tax-free growth in my all-stock RIRA, with the additional tax cost of each annual conversion being a faded memory.
If your tIRA only has a five digit balance, maybe your future RMDs are not a problem, but that does not describe the account size of retired Bogleheads' tIRAs.
These days, deep in my RMD years, I am so pleased with the tax-free growth in my all-stock RIRA, with the additional tax cost of each annual conversion being a faded memory.
If your tIRA only has a five digit balance, maybe your future RMDs are not a problem, but that does not describe the account size of retired Bogleheads' tIRAs.
Statistics: Posted by heyyou — Tue Nov 26, 2024 4:27 am — Replies 8 — Views 1040