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Retiring at 62 With $380,000: The Roth Conversion Math Explained

Original: Retire at 62 With $380,000 in an IRA and No Paycheck for 11 Years, and Converting $30,000 a Year Costs About $1,400 in Tax. Convert Nothing and the IRS Sets the Rate at 73

A personal finance analysis examines retiring at 62 with $380,000 in an IRA and no other income for 11 years before Social Security or required distributions begin. It argues that converting $30,000 a year to a Roth IRA would cost roughly $1,400 in tax at the low bracket, while doing nothing could leave the IRS setting a future tax rate as high as 73 percent once required minimum distributions stack on top of other income.

Why now: Retirees are weighing low-income gap years against sharply higher future taxes on IRA withdrawals.

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• Retire at 62 With $380,000 in an IRA and No Paycheck for 11 Years, and Converting $30,000 a Year Costs About $1,400 in Tax. Convert Nothing and the IRS Sets the Rate at 73 · 24/7 Wall St.

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