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Reply to "Roth Conversion later in life, near retirement"
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[quote=Anonymous][quote=Anonymous]Yes that is what you should do. If you retire before receiving social security, those can be prime years for Roth conversions (when you have come is lower). You need to look at your expected annual income and try to fill up a tax rate you think is reasonable. How much you should convert may depend on how much you have in your 401ks and what your RMDs will be (and resulting tax rate). [/quote] This depends on if your spouse is still working and your age difference. There may not be an appropriate window for this. [/quote]
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