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Retired Couples Can Do Large Roth Conversions While Staying in the 22% Bracket

Original: A Retired Couple With $60,000 of Income Can Convert About $180,000 to a Roth This Year and Never Leave the 22% Bracket. The December Math Advisors Charge 1% a Year to Run

A financial analysis says a retired couple with $60,000 of annual income can convert roughly $180,000 from a traditional IRA to a Roth account in a single year without being pushed out of the 22% federal tax bracket. The piece walks through the December calculations used to fill remaining bracket space, math that wealth advisors charging about 1% a year typically perform for clients.

Why now: Year-end is prime tax-planning season, and Roth conversion strategy is a hot topic for retirees facing future required minimum distributions.

retireesRoth IRA24/7 Wall St.financial advisorsIRS

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• A Retired Couple With $60,000 of Income Can Convert About $180,000 to a Roth This Year and Never Leave the 22% Bracket. The December Math Advisors Charge 1% a Year to Run · 24/7 Wall St.

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