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Reply to "If you know you’ll be inheriting a significant amount"
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[quote=Anonymous]With the RMDs changed to 10 yrs vs lifetime, I'm anticipating significant tax bills in those years and beyond as my spouse will start drawing a pension probably around the same time. As such, I'm converting all of my IRAs to ROTH now. This should also give me decades of tax free growth and hopefully will never have to touch it- pass onto my kids tax free. Even if I end up with no inheritance, I think it is a smart move to do it now since my spouse has that pension, and also at the trump tax cuts rates. We are also doing all of our current retirement contributions to ROTH accounts.[/quote]
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