SmartAsset on MSN

I'm 58 with $1.7 million in my 401(k). Should I convert 10% annually to a Roth to reduce taxes and RMDs?

Transferring retirement savings from a 401(k) or similar tax-deferred account to a Roth IRA can help keep you from having to make taxable withdrawals by the time your reach your mid 70s. This can ...
SmartAsset on MSN

I'm 60 With $1.5 Million in My 401(k). Should I Convert $120,000 Annually to Reduce RMDs?

It’s a wise move to plan ahead for the taxes you’ll pay on retirement income, including eventual required minimum distributions (RMDs). Instead of waiting until the RMD deadline to start thinking ...
Nasdaq

Should I Convert My IRA to a Roth? Here’s What Experts Say

Saving for retirement is important. Depending on how much you earn and what percentage of it you put way, the amount of digits in your IRA or Roth IRA can vary greatly. And every time there’s a ...
SmartAsset on MSN

I'm 62 with $900,000 in my 401(k). Should I convert $90k annually to reduce taxes and RMDs?

Late-in-life Roth conversions can take some tricky math. As you approach retirement, one of the most important questions will be how to manage the taxes on your retirement income. For households that ...
Nasdaq

I'm 60 With $750k in my 401(k). Should I Convert $75,000 per Year to Avoid RMDs in Retirement?

Many retirement savers with sizable tax-deferred accounts like a 401(k) are interested in converting those funds to Roth accounts so they can escape having to pay Required Minimum Distributions (RMDs) ...
AOL

I'm 65 with $400K in an IRA — I plan to keep working but taxes worry me. Should I convert to a Roth IRA?

I'm 65 with $400K in a traditional IRA. I plan to work into my 70s but I'm worried about taxes — should I convert to a Roth IRA and take the tax hit now while I'm still working? Picture this: you’re ...
MarketWatch

My RMD starts next year. Should I convert my whole IRA to a Roth?

I’m 72 years old and have my IRA in stock. I start required minimum distributions next year so I want to convert to a Roth IRA. How much should I convert? Should I do it all at once or should I do it ...
Florida Today

Questions on multiple IRAs? Those RMDs? Here's what to know about the conversion alphabet

Recently, I received a host of questions about Roth conversions. So instead of answering one question, I’m going to tackle several today. Q. Dan, what can I do if I converted more than I should have?
24/7 Wall St

I’m Retiring at 50 With $9 Million in Assets – Should I Convert My 401Ks to Roth to Avoid Future RMD Taxes?

Trying to live the FIRE lifestyle doesn’t come without some serious financial decision making. Depending on how the Redditor decides to move forward, there could be some massive tax implications. Are ...
AOL

I Want to Retire in 4 Years. Should I Convert 25% of My 401(k) to a Roth IRA Until Then to Avoid RMDs and Taxes?

Transferring some of your retirement savings from a tax-deferred account like a 401(k) to a Roth IRA can help you reduce or possibly avoid required minimum distributions (RMDs) and income taxes later ...
Morningstar

Roth conversions will bring my income up to $400K. I'm 68. How much should I move over?

'I know all about taxes, Medicare, growth rate, inflation, Roth conversions, etc.' "My question is how much should I convert in my 401(k) every year prior to turning 73 when required minimum ...