Roth Conversions Can Increase Your Retirement Success!

[@memphistnliving]

Great share

[@OnCashFlow]

Thank you!

[@CalmerThanYouAre1]

Another major factor to consider that is not really included in the software calculations is one spouse dying years before the other, putting the surviving spouse in a much higher tax bracket. This risk alone makes completing conversions earlier than later a very smart idea in my opinion. Not only are you going to pay more income tax as a single filer, but you could end up paying more IRMAA penalties and a higher percentage of your SS payments could be subject to taxation as well.

[@OnCashFlow]

Boldin does account for this if you input it into the life expectancy for each spouse, you can make a copy of your main plan, and then adjust the new scenario as an early death. Boldin will show how much RMDs and taxes will apply to the one surviving spouse. I agree that getting it done earlier is generally better!