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Reply to "Anyone else dealing with this issue of "gap years" before retirement? "
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[quote=Anonymous][quote=Anonymous]NP. I think the pp was referring to traditional IRAs and they certainly aren't a scam. They are actually really good if you are like most people and have a lower tax rate when you're retired. The pp is like a lot of feds, high tax bracket in retirement and large traditional IRA (TSP) balance. I'm in the same situation and have come to the conclusion that some Roth conversions make sense, but it's not exactly a slam dunk. I have a lot of cash currently, so that was definitely a factor in converting. [/quote] We drew same conclusion about Roth conversions. For us, it makes sense to pay taxes in gap years (up to 22% bracket) so that we won’t pay in the very upper brackets that our RMDs are projected to be. You need to have cash outside of retirement accounts to do this though. For us, we’ll take each year as it comes and convert when we can. The key for us is to be flexible. If it makes sense, convert. If not, wait. [/quote]
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