Reply to Roth Conversion later in life, near retirement

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[quote=Anonymous][quote=Anonymous]Remember it isn't an all or nothing strategy.  You don't have to convert all, you want different buckets to pull from as you age in retirement. Plus Roth accts have their advantages, no RMDs and great for estate planning purposes.  I have over $1.2 M in traditional IRAs and only $216k in Roth, so my intention is do some conversion  every year depending on circumstances.  I'm 64.

Yes, you tap your taxable accts and any savings prior to SS.[/quote]

Curious about this post.  
If you retire at  65 and wait until you are 70 to apply for social security 
Let’s say you do a Roth conversion of part of your 401k and you have to pay taxes 
For example if you have $1 million in the 401k and convert $300 thousand and you are in the 22% tax rate, you lose nearly $100 thousand between federal and state taxes. 
So now you have $700 thousand in the 401k and $200 thousand in the Roth and presumably you’d want to leave the Roth balance alone for as long as possible to get the full benefit of the conversion. 
So do you withdraw more than 4% from the 401k to make up for delaying social security?  Is that wise?
Or do you use your liquid assets such as CDs and money market funds?  Is that wise?  Aren’t you supposed to have a big cushion of liquid funds for emergencies (stock market crash, long term care needs etc). 
Is a Roth conversion only for people who have large balances in both their 401k and in liquid funds?[/quote]

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