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I'm 60 With $1.1 Million in an IRA. Should I Convert $100,000 Per Year to a Roth to Avoid RMDs?

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3 Reasons to Make Roth IRA Conversions Early in Retirement
Roth IRAs are exempt from RMDs, but you can't use a Roth conversion to count toward your required distribution. As such, the more you can convert before you reach age 73 (or 75), the more control ...
10/22/2024 - 10:18 pm | View Link
The post-'stretch' home stretch for Roth IRA conversions
The first Secure Act was a "game-changer for IRAs and Roth IRAs," according to a retirement expert. Here's the compelling case for paying taxes sooner.
10/21/2024 - 7:06 am | View Link
Can a Roth IRA be used for college?
A Roth IRA can be used as a savings vehicle for college. You can withdraw your Roth contributions at any time without penalty to pay for any expense. You can also use Roth earnings without penalty to ...
10/21/2024 - 4:42 am | View Link
Is It Wise to Convert 15% of My 401(k) Into a Roth IRA Each Year to Avoid Taxes and RMDs?
Converting retirement funds from a 401(k) into a Roth IRA offers the opportunity for tax-free growth and tax-free withdrawals in retirement, while also avoiding Required Minimum Distribution (RMD) ...
10/21/2024 - 12:40 am | View Link
Is It a Good Idea to Convert $120,000 Per Year to a Roth to Avoid RMDs? I Have $1.2 Million in an IRA
If you’re 60 years old with $1.2 million saved for retirement in a traditional IRA, you may be starting to think about required minimum distributions (RMDs) and the hefty annual tax bill they can ...
10/17/2024 - 12:00 am | View Link
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