Have a Large 401(k) Balance and Approaching 62? Make Sure You Start Roth Conversions Before RMDs Force Your Hand
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The post Have a Large 401(k) Balance and Approaching 62? Make Sure You Start Roth Conversions Before RMDs Force Your Hand appeared first on 24/7 Wall St..
$1.8M at 6% growth hits $4.3M by age 73, triggering $162K annual RMD taxed as ordinary income.
Execute largest Roth conversions before age 63 to avoid Medicare IRMAA surcharges on converted income.
$1.8M at 6% growth hits $4.3M by age 73, triggering $162K annual RMD taxed as ordinary income.
Execute largest Roth conversions before age 63 to avoid Medicare IRMAA surcharges on converted income.
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