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Couples Retiring at 62 Urged to Convert IRA Funds Early

Original: A Couple Who Retires at 62 With $650,000 Between Two IRAs Can Convert $40,000 a Year for 11 Years. The Average Couple With the Same Balance Converts $0 and Meets $42,000 of RMDs at 73

Financial commentary argues that a couple retiring at 62 with $650,000 split across two IRAs could convert $40,000 a year to a Roth for 11 years, filling low tax brackets before required minimum distributions begin. It contrasts this with the average couple of the same balance, who convert nothing and face roughly $42,000 in mandatory withdrawals at 73, potentially raising their taxable income and Medicare costs.

Why now: Retirees are weighing Roth conversion strategies ahead of RMD rules that force taxable withdrawals at 73.

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Evidence

• A Couple Who Retires at 62 With $650,000 Between Two IRAs Can Convert $40,000 a Year for 11 Years. The Average Couple With the Same Balance Converts $0 and Meets $42,000 of RMDs at 73 · 24/7 Wall St.

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